Saudi Arabia’s Plan to Extend the Age of Oil
bloomberg.com
Saudi Arabia’s Plan to Extend the Age of Oil
1–10 of 136 posts
Re: Saudi Arabia’s Plan to Extend the Age of Oil
#2... and why do we have to follow? The sooner the world moves away from oil the better.
Re: Saudi Arabia’s Plan to Extend the Age of Oil
#3... and why do we have to follow? The sooner the world moves away from oil the better.
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.
Re: Saudi Arabia’s Plan to Extend the Age of Oil
#4... and why do we have to follow? The sooner the world moves away from oil the better.
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. I'd prefer the latter.
By the way, oil is only part of the problem - http://www.epa.gov/climatechange/ghgemissions/sources.html (not that we shouldn't try to reduce the amount of oil imported from Saudi Arabia and friends).
Re: Saudi Arabia’s Plan to Extend the Age of Oil
#5... and why do we have to follow? The sooner the world moves away from oil the better.
I don't think the article is saying that we should. In fact, it's talking about Saudi Arabia's efforts to move on themselves. They apparently even created a University with guards so that students and professors can exist w/o the typical religious expectations of their society.
Re: Saudi Arabia’s Plan to Extend the Age of Oil
#6Seems 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 nice battery progress lately which is main roadblock.
Re: Saudi Arabia’s Plan to Extend the Age of Oil
#7... 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.
Re: Saudi Arabia’s Plan to Extend the Age of Oil
#8tl;dr: SA is lowering prizes not only to kill shale, but also to prolong the age of oil and buy time in order for the country to find other sources of income.
Re: Saudi Arabia’s Plan to Extend the Age of Oil
#9So 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.
Re: Saudi Arabia’s Plan to Extend the Age of Oil
#10They 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?