1) On the global level, the U.S. wields control
over the oil wells for some time to come and this would place it in a better
competitive position vis-à-vis partners in the Western World.
But is that really true ? My understanding is that
the US controls SOME of the oil resource but not ALL
out ? Reflections from a layman
1) On the global level, the U.S. wields control over the oil wells for some time to
come and this would place it in a better competitive position vis--vis partners in
the Western World.
But is that really true ? My understanding is that the US controls SOME
Message-
From: Jurriaan Bendien [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Date: Mon, 15 Mar 2004 12:41:45 +0100
Subject: Re: [PEN-L] Will the oil run out ? Reflections from a layman
1) On the global level, the U.S. wields control over the oil wells for
some time to come and this would place
I didn't catch the earlier part of this thread, but what scale are we
talking here? The world's largest oil producer is Russia.
The largest average daily producer, but not the largest proven reserves
and not the largest exporter.
Michael
Yeah. No. 2 exporter though. All Russian oil profits are from exports.
The largest average daily producer, but not the largest proven reserves
and not the largest exporter.
Michael
he oil run out ? Reflections from a layman 1) On the global level, the U.S. wields control over the oil wells forsome time to come and this would place it in a better competitive positionvis-à-vis partners in the Western World. But is that really true ? My understanding is that the US controls SOME
] Will the oil run out ? Reflections from a layman
Yeah. No. 2 exporter though. All Russian oil profits are from exports.
The largest average daily producer, but not the largest proven reserves
and not the largest exporter
I wanted to add that water matters for the poor but not to the rich. Water is drying for the poor, it has been and will continue to get further polluted and dry. but that will not hit profits it might deccrease the work force by somke brazen law of wages. but that alas happens for many other
The state is the guarantor of capital. corporate America may think in the short term but when greenspan reports to congress on energy he uses the words long term average costs and security.
that oil will run out is inevitable. by now we have probably mined the whole weight of the earth in some
After the second world war, the Middle East was said to have perhaps 16
million barrels in oil reserves (deposits), by 1967 the estimate had risen
to 250 billion barrels, in the 1990s it reached 500 billion, and now it's
at over 900 billion barrels or close to a trillion.
In approximate figures,
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