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#1
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Saudis give Bush the finger over oil-output
"Bob Hawke" > wrote in message ... > Once the oil gets over $40 US a barrel the USA shale under the Colorado > mountains becomes viable to extract. It's been higher than that for quite some time already! MrT. |
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#2
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Saudis give Bush the finger over oil-output
"Mr.T" <MrT@home> writes:
>"Bob Hawke" > wrote in message ... >> Once the oil gets over $40 US a barrel the USA shale under the Colorado >> mountains becomes viable to extract. >It's been higher than that 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 when they get told the big mining companies are taking over their towns. 8-) Craig. -- Craig's Saab C900 Page at | Craig's Classic Saab Workshop - Sydney .au http://lios.apana.org.au/~c900 | http://www.classicsaab.net and other URL's Email: | For Saab 99/C900/9000 Enthusiasts World-Wide! Alternate: | Web-forums, galleries, library, links, etc. |
#3
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Saudis give Bush the finger over oil-output
On May 17, 5:45*pm, "Mr.T" <MrT@home> wrote:
> "Bob Hawke" > wrote in message > > ... > > > Once the oil gets over $40 US a barrel the USA shale under the Colorado > > mountains becomes viable to extract. > > It's been higher than that for quite some time already! i thought the figure was closer to $100 per barrel. the point is though, that the saudis have, through their vast reserves, the power to control the global price. anyone who was willing to spend $billions tooling up shale oil drilling/extraction facilities and refineries would be completely at the mercy of the saudis not to start producing more oil, which would lower the price and make shale oil uncompetitive. in other words, the saudis and OPEC hold the aces. when you really think about it, and of course they have, imperialism is a better business model. thus the large US military presence in saudi arabia and other activities in the mid-east. |
#4
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Saudis give Bush the finger over oil-output
Exactly, rather than the Saudis, I'd point the finger
at OPEC, an organization that is 75% muslim. "the fonz" > wrote in message ... On May 17, 5:45 pm, "Mr.T" <MrT@home> wrote: > "Bob Hawke" > wrote in message > > ... > > > Once the oil gets over $40 US a barrel the USA shale under the Colorado > > mountains becomes viable to extract. > > It's been higher than that for quite some time already! i thought the figure was closer to $100 per barrel. the point is though, that the saudis have, through their vast reserves, the power to control the global price. anyone who was willing to spend $billions tooling up shale oil drilling/extraction facilities and refineries would be completely at the mercy of the saudis not to start producing more oil, which would lower the price and make shale oil uncompetitive. in other words, the saudis and OPEC hold the aces. when you really think about it, and of course they have, imperialism is a better business model. thus the large US military presence in saudi arabia and other activities in the mid-east. |
#5
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Saudis give Bush the finger over oil-output
On May 18, 7:10*am, "Doug" > 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. |
#6
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Saudis give Bush the finger over oil-output
Anything more than a few feet under my backyard is mine? Gee, that's good
news.. "the fonz" > wrote in message ... > On May 18, 7:10 am, "Doug" > 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. |
#7
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Saudis give Bush the finger over oil-output
On May 18, 5:53*pm, "russell" > wrote:
> Anything more than a few feet under my backyard is mine? * Gee, that's good > news.. knock yourself out.. |
#8
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Saudis give Bush the finger over oil-output
We should stop selling the Saudis food. They can eat
all the sand and oil they want -- just not food. "the fonz" > wrote in message ... On May 18, 7:10 am, "Doug" > 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. |
#9
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Saudis give Bush the finger over oil-output
"the fonz" > wrote in message ... >> > Once the oil gets over $40 US a barrel the USA shale under the Colorado >> > mountains becomes viable to extract. > >> It's been higher than that for quite some time already! >i thought the figure was closer to $100 per barrel. Well over $100 USD a barrel unfortunately! Some interesting figures and forcasts at http://www.oil-price.net/ MrT. |
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