Article

2008-02-02 Arabia

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Seafarious 2008-02-02 00:00|| || Front Page|| [5 views ] Top

#1 I doubt OPEC could raise its ceiling even if it wanted to.

Posted by Anguper Hupomosing9418 2008-02-02 01:17|| 2008-02-02 01:17|| Front Page Top

#2 ^^^^^^^^^^^^That

Posted by Chang Smith8113 2008-02-02 07:52|| 2008-02-02 07:52|| Front Page Top

#3 that's ok. It helps spur our nation to develop its own energy resources and to stop relying on foreign oil.

Posted by Elminetle Panda5853 2008-02-02 10:41|| 2008-02-02 10:41|| Front Page Top

#4 We'll keep relying on foreign oil until it either runs out or gets expensive enough for long enough to develop alternatives - if such even CAN be developed. One overwhelming reason oil is not MORE expensive than it is right now is that these prices are enough to cause massive development of Alberta 'tar' sand mines over the past few years (an effort with some rather unpleasant environmental consequences, alas.)

We could cut way back on consumption (economic depression), and tax-subsidize more costly alternatives (solar), and suffer more environmental damage (coal), but any gains made would be more than offset by the weakened competitive position with China and others who would not make such moves. (China seems to be more likely to take foreign oil by force than cut back its dependence.)

Anguper, I suspect you are correct - many of the big Arab fields are old and have been at least marginally mismanaged for a long time, and are no longer capable of sustaining big production increases at the turn of a valve.

Posted by Glenmore">Glenmore 2008-02-02 11:26|| 2008-02-02 11:26|| Front Page Top

#5 We have plenty of oil nearby, we just won't drill for it.

ANWR.
The outer continental shelf.
Colorado oil shale.

I won't believe we have a real energy crisis until we start doing the smart things at home to find more oil.

Posted by Steve White">Steve White 2008-02-02 12:28|| 2008-02-02 12:28|| Front Page Top

#6 We have plenty of oil nearby, we just won't drill for it.

On the face that appears dumb, but in truth it's very smart, tap them only when the others run low, and then WE control the market, not the Mideast.

Posted by Redneck Jim 2008-02-02 13:39|| 2008-02-02 13:39|| Front Page Top

23:39 trailing wife
23:04 Junior Assistant Sock Puppet of Doom
23:03 trailing wife
22:58 Junior Assistant Sock Puppet of Doom
22:37 Anonymoose
22:29 Pappy
22:26 Junior Assistant Sock Puppet of Doom
22:22 Redneck Jim
22:14 Glinesing Ghibelline6773
22:11 DMFD
22:05 Barbara Skolaut
21:58 Glinesing Ghibelline6773
21:55 Barbara Skolaut
21:50 trailing wife
21:43 jds
21:38 Broadhead6
21:32 lotp
21:24 trailing wife
21:23 Old Patriot
21:21 twobyfour
21:14 crosspatch
21:11 trailing wife
21:02 trailing wife
21:02 Lone Ranger