Jammy_Dodgers

The world's second biggest oil field is now in a slow decline....hmmmm.

ANy thoughts on what will happen to the region once all the oil money has gone. ??

http://www.ameinfo.com/71519.html

shoushou

Sell more freehold apartments....
Laundry???

Jammy_Dodgers

It is now widely acknowledged by the world's leading petroleum geologists that more than 95 percent of all recoverable oil has now been found. We therefore know, within a reasonable degree of certainty, the total amount of oil available to us. Any oil well has roughly the same life cycle where the production rate peaks before it goes into terminal decline. This happens when about half of the oil has been recovered from the well. We have consumed approximately half of the world’s total reserve of about 2.5 trillion barrels of conventional oil in the ground when we started drilling the first well at a current rate of over 30 billion a year, meaning the world is nearing its production plateau.

Jammy_Dodgers

Excellent website. read through if you have the time :

http://www.oildecline.com/#The%20Saudi%20Arabia%20Case

TA5

I reckon it will revert back to nomadic tribes as very few arabs actually know how to make money that isn't converted from a black substance.

shoushou

Shocking........I find this extremely offensive and blasphemous.......

CasaNova

what will happen to you after 15yrs? looking at the new generation of americans!

alowicious_28

oohh fighting talk

shoushou

Do you believe everything you see on TV???

CasaNova

they will all be dead with aids from age 13



"the proportion of AIDS cases reported among women increased from 7 percent in 1985 to 23 percent in 1999. Today, women represent an estimated 30 percent of new HIV infections reported in the United States. Many of those affected are young women and girls"


http://www.nih.gov/od/oar/about/rese...n/oarwomen.htm

shoushou

Theyre only saying that in all reported AIDS/HIV cases in the US,the women are accounted for 30%.....
It doesnt mean that 30% of all women in the US have AIDS/HIV.....

shiva

i wouldnt worry, most cant count past ten so they will have a problem working out when it is

Jammy_Dodgers

I can only speculate that those Gulf states that have not diversified will struggle. Gulf countries that have, (such as Dubai) could potentially expect an influx of people trying to support themselves. (no change there then!!)

If you take some time to think of the possible outcomes it's quite concerning.

On the flip side, what would the western world do, and how would it cope ??..
USA would obviously be hit the hardest but i think everyone will struggle.


Im currently running my Mitsu Shogun/Pajero on Vegetable oil from Asda anyway (30pence a litre.), and its runs better than when it has deisel.


see : http://www.pocuk.com/forums/viewforu...ad0692990f4488

In fact most diesels will run on veggie oil, after all, the diesel engine was invented to run on peanut oil:
http://www.ybiofuels.org/bio_fuels/history_diesel.html

NorthernLad

I'm sure when it comes to that the 'boffins' will be able to come up with alternative solutions - would not surprise me to see companies such as Shell miraculously find another alternative (with patents, of course)...not that I'm cynical

Manc

I think on 8% of US oil comes from Saudi (don't know the percentages in other mid east countries.) Obviously, there's a gravy train for Bush/Cheney Oil Co. in Iraq .........
I think we get most of our oil from Venezuela to be honest.


There is a big cry here to become a lot less dependent on Middle East Oil, but the greens don't want any further drilling in Alaska, which is where a lot more oil is to be found.