SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: energyplay who wrote (104065)6/30/2008 7:10:16 AM
From: elmatador  Respond to of 206087
 
Tell Black Swan, it's combination of alternatives. He expects ethanol to solve 100% of the problem alone.

"close to pushing the panic button on the oil price issue."
The early the pushing the better for the world economy. Can't wait for post-election



To: energyplay who wrote (104065)6/30/2008 9:39:08 AM
From: Tommaso  Read Replies (3) | Respond to of 206087
 
>>>Grove says the nation should consider ways of retrofitting the 80 million low-mileage pickups, sport utility vehicles and vans on the road to make them capable of running on both gasoline and electric power<<<

I would place a very large bet that this person would not know how to fix a one-cylinder lawnmower. Probably couldn't rewire a table lamp himself.



To: energyplay who wrote (104065)6/30/2008 10:34:36 AM
From: elmatador  Respond to of 206087
 
Consumers are running down their savings to maintain spending, with the household saving ratio falling to 1.1%, the lowest since 1959.

guardian.co.uk



To: energyplay who wrote (104065)7/1/2008 9:31:17 AM
From: elmatador  Respond to of 206087
 
Wayo going on in Saudi, Eplay: Saudis investing more than $10 billion, with 26 contractors, 106 subcontractors and 28,000 employees. It is the largest piece of a five-year, $60 billion effort to expand oil production capacity at a time of fast-rising demand.

nytimes.com

Look when that amount of money is on the tale people tend to be very economical with the truth.

This effort, (and the promise of more riches in Khurais) is perhaps the sign that Ghawar will go Cantarell. The effort diverts the atention from the Ghawar.

"The Khurais complex, which includes two smaller adjacent fields, was discovered in 1957. It got only limited use, because its oil is less accessible than that of the great Ghawar field, the world’s largest."

Easy pickings gone, now is time for the Saudis get the high hanging fruit. But lets see if after all this money is invested the well is really what Aramco is telling the Saudis.