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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: ThirdEye who wrote (12622)	12/3/2001 8:38:49 PM
From: 49thMIMOMander	Read Replies (1) \| Respond to of 281500

It seems to me, that any comparison on King Oil should include both the cost of finding more oil as well as pumping up the already found, and keeping the pumps pumping and some refinement?? Not that I am an oil expert, but I picked up this on the US congressional hearings on the problems of oil for $10-20 a barrel, some years ago. Ilmarinen Burning some russian oil this cold night, another issue should be the amount of devilish sulphur and the the cracking needed to run the car on it. (I still have the other side of the oilheater for coal or regular soft wood timber, but then I have to fill the thing every now and then and others have to do more window cleaning in the neighborhood, also needed to push the car like in the old days) Anyway, how come the Saudis have all these debts with all that cheap oil?? With little SS-funds for those ancient camels??

To: ThirdEye who wrote (12622)	12/4/2001 12:25:03 PM
From: TimF	Respond to of 281500

Cutting oil consumption by 10% combined with finding further sources in the western hemisphere or increasing domestic production could make it possible to nearly shut off the SA spigot. Both cutting use by 10% and finding major additional western hemisphere sources will not be easy. Oil use is likely to grow rather then shrink, cutting its rate of growth by 10% should be possible, but reducing it by 10% and keeping it at that level or lower will probably only happen if oil gets a lot more expensive. As for new sources, every time a potential new source is found there is a big push to not exploit it because of concerns about the possible environmental damage that drilling or transporting the oil may cause. But known reserves is another story. SA seems to have the lion's share. Agreed, this is an important consideration, also many of the other countries with large known reserves are middle easter dictatorships or monarchies. Tim