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2022-07-18 Arabia

Saudi Arabia decides to increase daily oil production to 13 million barrels

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Posted by Fred 2022-07-18 00:00|| || Front Page|| [16 views ] Top
File under: Govt of Saudi Arabia

#1 So what? This is window dressing - 'we're doing our part' bullshit.

Posted by Raj 2022-07-18 00:12|| 2022-07-18 00:12|| Front Page Top

#2 Could some of the increase be the Russian oil they’re reportedly quietly buying at discounted prices? The arbitrage profit wouldn’t as much as pumping more of their own, but some say they can’t pump much more than they are now. Others say they don’t want to, which is a different question I am equally unqualified to answer.

Posted by trailing wife 2022-07-18 01:04|| 2022-07-18 01:04|| Front Page Top

#3 They're increasing from 14 million a day!

Posted by Rob Crawford 2022-07-18 08:19|| 2022-07-18 08:19|| Front Page Top

#4 Wrote & (c) a SciFi short story some years ago called

"Good the Last Drop"

Where all the oil being pumped out created massive voids in the Gulf Oil areas, which start to collapse.

It was interesting to run the numbers and see that 1 Barrel of Oil = 5.63 Cubic Feet.

So if Saudi Arabia is pumping say 10 M/Barrels average a day, has it created a void of 5.58 Cubic miles under its feet over the last 40 years?

Even if displaced with salt water, salt water has far less density than crude oil.

Posted by NN2N1 2022-07-18 08:56|| 2022-07-18 08:56|| Front Page Top

#5 One has to wonder...

What did Biden promise in return?

Posted by CrazyFool 2022-07-18 09:50|| 2022-07-18 09:50|| Front Page Top

#6 the saudis hit 12M bpd briefly in early 2020 then dropped way down as the world economy crashed

it might be able to hit 12M again for a while but probably it would take some extra drilling and extra pipeline to get there - maybe take several years

Posted by Lord Garth 2022-07-18 15:49|| 2022-07-18 15:49|| Front Page Top

#7 ^ and, factor in shenanigans courtesy of the Iranians or their Houthi puppets. They have hit Saudi oil facilities before.

Posted by M. Murcek 2022-07-18 15:52|| 2022-07-18 15:52|| Front Page Top

#8 Who's going to refine it?

Posted by Regular joe 2022-07-18 16:56|| 2022-07-18 16:56|| Front Page Top

#9 ^India and they send here.

Posted by Dale 2022-07-18 20:38|| 2022-07-18 20:38|| Front Page Top

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