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To: dvdw© who wrote (104121)	7/1/2008 9:21:23 AM
From: elmatador	Respond to of 206087

One possibility why Aramco Saudi oil well is fuzzy issue. I am a 25 year veteran expat who worked in projects abroad. Although not in the oil field, I know how the typical behavior of the Expatriate is. If you understand how expatriates and contractors are you will some conclusions on how things are done. If Aramco expats contractors who live off Ghawar know that oil well is going to go down, and perhaps needs costly extraction, they have all reason in the world to keep mum about. Else the Arabs start cutting costs and reorganizing and downsizing. It can be the case that the guys operating the field are keeping the Saudis in the dark. When you read that: "Khurais, about 90 miles east of Riyadh, the Saudi capital, is one of the planet’s last giant oil fields. The Saudis say that it holds 27 billion barrels of oil — more oil than all the proven reserves of the United States — and that it will significantly bolster the kingdom’s production capacity once it starts pumping a year from now, easing global need." nytimes.com You should suspect. It can be an oil well that Aramco's termites use as the next log for them to keep their cushy jobs...

To: dvdw© who wrote (104121)	7/1/2008 9:24:57 AM
From: elmatador	Respond to of 206087

Aramco pulling the wool over the Saudis' eyes: "Mr. Nasser and other Aramco officials described a project whose dimensions boggle the mind." Do not believe that! These are the Aramco guys trying to keep their jobs and persuading the Saudis that there is more oil than actually is. At Ericsson, 1997 and 1998, Asia was going to the dogs and they kept telling the Swedes in Stockholm that the market would be growing even more in the future. The local management didn’t want to lose their positions. Therefore those words of Aramco must be taken with a grain of salt.

To: dvdw© who wrote (104121)	7/10/2008 7:33:47 PM
From: elmatador	Read Replies (1) \| Respond to of 206087

The Saudis say they can ramp up production to 12.5 million barrels a day. But a field-by-field breakdown obtained by BusinessWeek shows that's not likely "detailed document, obtained from a person with access to Saudi oil officials, suggests that Saudi Aramco will be limited to sustained production of just 12 million barrels a day in 2010, and will be able to maintain that volume only for short, temporary periods such as emergencies." businessweek.com Aramco expats still pulling the wool over the Saudis eyes...