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Recent Speech by Head of Saudi Aramco
Posted: 09 Feb 2007, 08:21
by Aurora
http://www.news.harvard.edu/gazette/200 ... fuels.html
While oil demand is expected to rise from 85 million barrels a day to 120 million barrels a day by 2030, Jum'ah said global oil reserves are plentiful. Between proven reserves and expected new fields, there should be enough oil to provide 140 years' supply at today's consumption rates.
Jum'ah said that proven conventional oil reserves total 1.2 trillion barrels and proven unconventional reserves 1.5 trillion barrels. He estimated another 2 trillion barrels are available to be discovered.
"There's enough oil to meet the world's needs for many decades to come," Jum'ah said.
Such optimism!
Bahrain found more oil!
Posted: 09 Feb 2007, 09:23
by Tracy P
Great news
The huge state of Bahrain
has found loads more oil!
http://www.gulf-daily-news.com/Story.as ... ueID=29326
Problems over?
Posted: 09 Feb 2007, 09:31
by ianryder
Wow, if only something like that could happen in the North Sea...Milton Keynes could carry on the lifestyle it's become accustomed to
Posted: 09 Feb 2007, 09:49
by Blue Peter
ianryder wrote:Wow, if only something like that could happen in the North Sea...Milton Keynes could carry on the lifestyle it's become accustomed to
As a matter of interest, why choose Milton Keynes?
Peter.
Posted: 09 Feb 2007, 09:58
by ianryder
Errrm, why not? I actually almost moved there once whilst looking for work during the recession at the start of the 90s. I used to live in Aylesbury so MK has a special place in my heart
Posted: 09 Feb 2007, 13:30
by simonrichards912
Ehm I don't think so. SA sounds like wishful thinking. Bahrain hasn't found any new oil, its just extracting the oil it has already found.
Posted: 09 Feb 2007, 13:32
by Blue Peter
ianryder wrote:Errrm, why not? I actually almost moved there once whilst looking for work during the recession at the start of the 90s. I used to live in Aylesbury so MK has a special place in my heart
Just wondered. It seemed a bit of an odd choice,
Peter.
Posted: 09 Feb 2007, 13:37
by Vortex
How about drilling for oil in Milton Keynes and leaving the fish in the North Sea alone?
A win-win situation
Posted: 09 Feb 2007, 13:49
by Silas
Thats fine and dandy then, burn burn burn, for another 140 years
and bu**er the planet .
Posted: 09 Feb 2007, 16:12
by ianryder
Vortex wrote:How about drilling for oil in Milton Keynes and leaving the fish in the North Sea alone?
A win-win situation
I think you could be on to something...we could use the Point as a giant drill tip (
http://www.amanita-photolibrary.co.uk/p ... Keynes.htm
a picture for those of you who haven't yet been to the point, you don't know what you're missing)