... rather than the Saudis, I'd point the finger at OPEC,... point is though, that the saudis have, through their vast reserves,... spend $billions tooling up shale oil drilling/extraction facilities and refineries...not to start producing more oil, which would lower the price...uncompetitive. in other words, the saudis and OPEC hold the aces...large US military presence in saudi arabia and other activities in...

... barrel. the point is though, that the saudis have, through their vast reserves, the power ...was willing to spend $billions tooling up shale oil drilling/extraction facilities and refineries would be ...the price and make shale oil uncompetitive. in other words, the saudis and OPEC hold the aces. when you .... thus the large US military presence in saudi arabia and other activities in the mid-...

...now won't last more than about 20 to 30 years into the future, especially if our usage continues to climb at the rates it's going. Oil use will not continue to grow for 20-30 years. Oil has most likely already peaked. We've been on a production plataue for 3 years. Chris

...now won't last more than about 20 to 30 years into the future, especially if our usage continues to climb at the rates it's going. Oil use will not continue to grow for 20-30 years. Oil has most likely already peaked. We've been on a production plataue for 3 years. Chris

...now won't last more than about 20 to 30 years into the future, especially if our usage continues to climb at the rates it's going. Oil use will not continue to grow for 20-30 years. Oil has most likely already peaked. We've been on a production plataue for 3 years. Chris

We should stop selling the Saudis food. They can eat all the sand and oil they want -- just not food. "the fonz" <arthur.... am, "Doug" <n...@now.com> wrote: Exactly, rather than the Saudis, I'd point the finger at OPEC, an organization that is 75%% muslim. you do realise it's their oil. supposedly this gives them the right to do with it as they choose.

...-4e0d-9d3b-0d47beeaff5a@u36g2000prf.googlegroups.com... On May 18, 7:10 am, "Doug" <n...@now.com> wrote: Exactly, rather than the Saudis, I'd point the finger at OPEC, an organization that is 75%% muslim. you do realise it's their oil. supposedly this gives them the right to do with it as they choose.

On May 18, 7:10 am, "Doug" <n...@now.com> wrote: Exactly, rather than the Saudis, I'd point the finger at OPEC, an organization that is 75%% muslim. you do realise it's their oil. supposedly this gives them the right to do with it as they choose.

... in message news:u2pXj.1668$IK1.75@news-server.bigpond.net.au... Once the oil gets over $40 US a barrel the USA shale under the Colorado mountains becomes...for quite some time already! And if the Yanks are going to start mining oil shale you can bet we'd see serious moves made to re-start the Australian oil shale industry. That'll really impress the locals up at Glen-Davis and Newnes ...

...at@peace.com> writes: Initially the Saudis said last week, that they were going to produce more oil,..then on Bush's visit, this ... much money do the young saudi princes need to fund their ... need to look at the oil industry like the diamond industry, ... gesture at Shrub with the 'finger', no matter if it's ...a shortage of cheap readily available oil. I believe that the reason ...