11–20 of 136 posts
So the good news is that their intentions seem to be to keep oil prices low for a prolonged period. Was wondering how long they'd keep prices at current levels. Should be a lot of carnage and opportunity for finding bargains once a lot of these over leveraged oil companies start defaulting.
FTA:
Heavily armed guards on land and at sea protect the facility, where unveiled women study and work side by side with men, undisturbed by the religious police who patrol Saudi cities. Research there is aimed at scientific and commercial breakthroughs using those things Saudi Arabia has in abundance, such as sun, sand, and saltwater.
They came from the desert and they will return to it desert. Question: If your land/country is a desert, it's very costly to live there, right?
Earlier quoted context omitted.
Agreed. We don't and shouldn't follow. We should continue with developing currently existing and new technologies to loosen the worlds dependency on oil.
Can you make plastic without oil?
Does a documentary or any in-depth information exist for the King Abdullah University of Science and Technology? I found the details of this university fascinating. FTA: Heavily armed guards on land and at sea protect the facility, where unveiled women study and work side by side with men, undisturbed by the religious police who patrol Saudi cities. Research there is aimed at scientific and commercial breakthroughs u…
... and why do we have to follow? The sooner the world moves away from oil the better.
We don't, but it's the path with diminishing resistance as the price of oil drops further.
Earlier quoted context omitted.
Agreed. We don't and shouldn't follow. We should continue with developing currently existing and new technologies to loosen the worlds dependency on oil.
While also figuring out how to make fossil fuel safer for the environment. Don't get me wrong, solar/wind and especially nuclear are great, but it's gonna be a loooong time before we're completely rid of gas, coal and oil. There's so much of it and they're all so energy-dense and/or cheap that humans are gonna use them either until our planet turns into Venus or we figure out ways to reduce/eliminate those emissions.…
Seems that nobody is getting peak oil right. The rise of the North Dakota shale is the confirmation of that theory. Also Saudi Arabia is doomed. The kingdom will be collateral damage in the poaching war (its not hot, its not cold) ... to hit russia, the US is doing its best to bring Iran back online. US is self sufficient so they don't fear supply crunch, Europe is moving fast with renewable energy ... and we have ni…
The USA is a net importer of crude oil and petroleum products. At a level of 5 million barrels per day.
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mt...
Does a documentary or any in-depth information exist for the King Abdullah University of Science and Technology? I found the details of this university fascinating. FTA: Heavily armed guards on land and at sea protect the facility, where unveiled women study and work side by side with men, undisturbed by the religious police who patrol Saudi cities. Research there is aimed at scientific and commercial breakthroughs u…