Stories tagged with "saudi production"

Saudi Aramco on 60 Minutes

Posted by JoulesBurn on December 8, 2008 - 8:57pm
Topic: Supply/Production
Tags: khurais, saudi production, shaybah [list all tags]

The newsmagazine 60 Minutes aired an extended segment on Saudi Arabian oil last night. The topics addressed were the amount of oil remaining in the country and their strong desire to sell it. The message from Oil Minister Ali Al-Naimi and Saudi Aramco officials was, not surprisingly, that they have decades of oil left and they are happy to sell it to a world which really doesn't have any alternative. While the presentation included the usual mix of superlatives and exaggerations to go with some great visuals, there was little real new information revealed. It is well worth viewing, however, as much to to hear what wasn't said (or asked) as to hear what was.
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When they said that Matt Simmons had connections . . . . .

Posted by Heading Out on October 26, 2005 - 11:31pm
Topic: Supply/Production
Tags: peak oil, saudi production [list all tags]

The New York TImes is carrying a story that should trickle, like cold water from a sponge, down the back of one's neck on a hot day..
 a senior intelligence official, who insisted on remaining anonymous because he was not permitted to speak publicly on the issue, said that the Saudi plans to increase production by nearly 14 percent in the next four years were not enough to meet global demand. Even the Energy Information Administration recently scaled back its expectations of how much more oil the Saudis could pump in 20 years.
 I am not going to hazard a guess at the politics of releasing this disclosure at this time.  But one cannot but get a feeling that a world has suddenly changed.  For those of us who have written about the problem, there has always been a feeling that we would have to inveigle to get this message across to the general public in a way that they would understand.

And now we have not only this, but also the TIME magazine articles.

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