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Saudi Arabia will cease to be an oil exporter by 2030
The Telegraph ^ | 5 September 2012 | Ambrose Evans-Pritchard

Posted on 09/05/2012 7:36:45 AM PDT by Cronos

If Citigroup is right, Saudi Arabia will cease to be an oil exporter by 2030, far sooner than previously thought.

A 150-page report by Heidy Rehman on the Saudi petrochemical industry should be sober reading for those who think that shale oil and gas have solved our global energy crunch.

..The basic point – common to other Gulf oil producers – is that Saudi local consumption is rocketing. Residential use makes up 50pc of demand, and over two thirds of that is air-conditioning.

The Saudis also consume 250 litres per day of water – the world's third highest (which blows the mind), growing at 9pc a year – and most of this is provided from energy-guzzling desalination plants.

...The Saudis already consume a quarter of their 11.1m barrels a day of crude output. They are using more per capita than the US even though their industrial base as a share of GDP is much smaller.

The country already consumes all its gas. (Neighbouring Kuwait is now importing LNG gas from Russia:

(Excerpt) Read more at blogs.telegraph.co.uk ...


TOPICS: Business/Economy; Front Page News; War on Terror
KEYWORDS: 2012; drillheredrillnow; energy; oil; saudiarabia
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Interesting...
1 posted on 09/05/2012 7:36:49 AM PDT by Cronos
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To: Cronos

Oh God! We’re running outta earl!


2 posted on 09/05/2012 7:41:04 AM PDT by youngidiot (The name's Bond. James Bond. James Bond Jovi.)
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To: Cronos

WHAT will they export THEN to support their indolent population, profligate upper classes and their Wahhabi “Missionary” efforts???

Camels??


3 posted on 09/05/2012 7:41:30 AM PDT by ZULU (See: http://www.youtube.com/watch_popup?v=D9vQt6IXXaM&hd)
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To: Cronos

How dare they use their own natural resources. /s


4 posted on 09/05/2012 7:41:35 AM PDT by P.O.E. (Pray for America)
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To: Cronos

What will they do then? Go back to hearding Camels?


5 posted on 09/05/2012 7:42:29 AM PDT by Old Retired Army Guy
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To: Cronos

We’ve got vast oil and gas supplies. We should be utilizing our enormous hydroelectric potential and nuclear to power industry so we can be a major exporter and the rest of the world can kiss our butts.


6 posted on 09/05/2012 7:42:51 AM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: Cronos

Looks like a good time to significantly ramp up the construction of our domestic nuclear power capabilities.


7 posted on 09/05/2012 7:44:50 AM PDT by jonno (Having an opinion is not the same as having the answer...)
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To: Old Retired Army Guy

Probably descend into civil war.


8 posted on 09/05/2012 7:45:44 AM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: Cronos

Saudi Arabia produces NOTHING. Even for their oil they have armies of foreign workers to get it out of the ground.

Saudis think they are “blessed” with their wealth and deserved to live in luxury for NO WORK.

And to export islam violently to other countries.

They will go back being poor desert camel humpers the minute their oil runs out.


9 posted on 09/05/2012 7:46:40 AM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: cripplecreek

Spot-on!

A small local city just tapped into the Ohio River for power and is building the plant 60 miles away in Kentucky!

Meldahl Hydroelectric Project
http://www.hamilton-city.org/index.aspx?page=653
The City of Hamilton, Ohio, and its partner, American Municipal Power, Inc. (AMP), together hold a license issued by the Federal Energy Regulatory Commission to develop a new, renewable energy, hydroelectric generating facility, called the Meldahl Hydroelectric Project. The Meldahl Project is located on the Ohio River, approximately 40 miles east of Cincinnati, at Foster, Kentucky, near Augusta, Kentucky.


10 posted on 09/05/2012 7:47:51 AM PDT by TSgt (The only reason I have one in the chamber at all times, is because it is impossible to have two in.)
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To: 2banana
Saudi Arabia produces NOTHING. Even for their oil they have armies of foreign workers to get it out of the ground.

We even fight their wars for them.
11 posted on 09/05/2012 7:48:31 AM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: Cronos; thackney

A couple of thoughts:

1. I have long suspected that the Saudis have been inflating their statements of oil reserves. They have not answered to the cries of the west to “open the tap” to ease the world’s economic situation for the simple reason that they can’t. But I am willing to be corrected if I am wrong.

2. I am always suspicious of doom-and-gloom predictions that come with a date attached. Those sorts of things rarely pan out that far in advance. Who knows? Maybe the Saudis are also sitting atop their own shale oil, and will be able to start extracting it before 2030.

3. Regardless of the above, I also believe that Saudi Arabia will not maintain their status as a leading oil exporter forever, and that is the only source of their wealth. With their repressive society, they will never be a destination point for the world financial markets. They don’t spend or invest wisely as a nation. Once the oil revenue begins to dry up, it will be only a generation before their largesse is largely a thing of the past.


12 posted on 09/05/2012 7:50:27 AM PDT by henkster (We're the slaves of the phony leaders...)
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To: cripplecreek
Yep. I have trained with their officers. Worst officers I have ever seen.

Without oil they will have to fight their own wars.

We even fight their wars for them.

13 posted on 09/05/2012 7:53:38 AM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: Cronos

This from Boone Pickens in an email today:

“The main concern is the oil from Saudi Arabia and the other Gulf States moving through the Strait of Hormuz. About 17 million barrels a day move out of the Persian Gulf. Only about 2.2 million is bound for the United States.

That means our Navy, Marines, Army and Air Force are paying the price to protect the 87 percent of the oil moving through the Strait of Hormuz bound - mainly - for Europe.

If we can get on our own resources and trade imported diesel for domestic natural gas as the principal transportation fuel for heavy-duty trucks, we can say goodbye to those 2.2 million barrels a day and bring our service members home.”

Watch the video:

http://www.pickensplan.com/boonecam/2012/09/04/democratic-national-convention/


14 posted on 09/05/2012 7:55:07 AM PDT by shove_it (DNC = perpetual emotion machine)
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To: Cronos

Much of worldwide radical Islam is financed by Middle Eastern oil revenues. When those revenues start to decline (which will happen earlier than when oil exports stop), then the radical imams will have to find a day job, the Palestinians will need to find productive work somewhere, and the radical madrasahs will need to close.


15 posted on 09/05/2012 7:55:07 AM PDT by PapaBear3625 (Charlie Daniels - Payback Time http://www.youtube.com/watch?v=EWwTJj_nosI)
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To: Cronos

They can go back to pounding sand and starving.


16 posted on 09/05/2012 7:56:57 AM PDT by SWAMPSNIPER (The Second Amendment, a Matter of Fact, Not a Matter of Opinion)
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To: TSgt

One common misconception that I encounter here at FR when speaking abut hydro electric is that it requires huge Hoover dam type projects and it couldn’t be further from the truth.

The Hoover dam is a very specific case of an area with scarce water and enormous amount of electricity to be used over a wide area.

Here in the east, much smaller dams can produce electricity to be fed into the grid and there are hundreds that are feasible electricity producers. Unlike wind, dams don’t stop producing power when there is too much water they simply keep going and dump the excess water. New generator tech makes the small dams very effective energy produces.

Here is a feasibility study for two dams in Ann Arbor Michigan. Both are expected to exceed capacity more than 25% of the time and both are expected to produce 2,000,000 kwh/yr and 3,350,000 kwh/yr respectively.

http://www.a2gov.org/government/publicservices/systems_planning/Environment/hrimp/Documents/Final%20Stantec%20Report%20-%20no%20appendices.pdf


17 posted on 09/05/2012 8:01:13 AM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: Old Retired Army Guy

Don’t make fun of a Saudi’s significant other.


18 posted on 09/05/2012 8:06:27 AM PDT by LucianOfSamasota (Tanstaafl - its not just for breakfast anymore...)
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To: Cronos

Whew! Had me worried there for a minute. Then I saw it was Lord Doom’n’Gloom’s (aka AEP) column. Nothing to worry about, then.


19 posted on 09/05/2012 8:11:35 AM PDT by Moltke ("I am Dr. Sonderborg," he said, "and I don't want any nonsense.")
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To: cripplecreek

And they are “green!” Imagine that! ;)


20 posted on 09/05/2012 8:15:33 AM PDT by TSgt (The only reason I have one in the chamber at all times, is because it is impossible to have two in.)
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To: 2banana; cripplecreek

There’s a reason why Saddam easily rolled over Kuwait. The military was made up of TCN’s who could give two $hits about the country.

One base was taken over with out a single shot being fired.


21 posted on 09/05/2012 8:17:16 AM PDT by TSgt (The only reason I have one in the chamber at all times, is because it is impossible to have two in.)
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To: henkster
They'll have to change their taste in cars.
22 posted on 09/05/2012 8:22:25 AM PDT by Carry_Okie (The Slave Party Switcheroo: Economic crisis! Zero's eligibility Trumped!! Hillary 2012!!!)
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To: TSgt
And they are “green!” Imagine that! ;)

Hydro also produces wealth in the sense that they create prime real estate around them.

Even in the midst of the worst drought of my lifetime the water is still roaring through the millrace outside my bedroom winder. Its not flowing over the spillway but that's fine.
23 posted on 09/05/2012 8:23:39 AM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: 2banana
Saudi Arabia produces NOTHING. Even for their oil they have armies of foreign workers to get it out of the ground.

They wouldn't even have functioning indoor pluming without their Third Country Nationals (TCNs), or indentured servants.

24 posted on 09/05/2012 8:40:16 AM PDT by Never on my watch (I can see November from the Chick-Fil-A drive through lane.)
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To: ZULU

WHAT will the Saudi’s export THEN?

They will send us and sponsor another radical Muslim to Play President. Who do you think gives Obama his marching orders? ANS: Iran and Saudi Arabia.


25 posted on 09/05/2012 8:41:04 AM PDT by politicianslie (Obama: Our first Muslim PRESIDENT,destroying America $1 Trillion at a time! And America sleeps)
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To: Carry_Okie

Don’t want one; too much glare for me. LOL.


26 posted on 09/05/2012 8:43:02 AM PDT by henkster (We're the slaves of the phony leaders...)
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To: 2banana

“Saudis think they are “blessed” with their wealth and deserved to live in luxury for NO WORK.”

Sounds just like the Democrats.


27 posted on 09/05/2012 8:45:29 AM PDT by MeganC (The Cinemark theatre in Aurora, CO is a 'Gun Free Zone'. Spread the word.)
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To: politicianslie

I agree.


28 posted on 09/05/2012 8:50:58 AM PDT by ZULU (See: http://www.youtube.com/watch_popup?v=D9vQt6IXXaM&hd)
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To: P.O.E.; youngidiot; ZULU; Biggirl
This is actually very good news for the world. the spread of militant islam is directly tied to the 1970s oil spike which made Saudi incredibly rich and they started sponsoring madrassasas etc. spreading their brand of Wahabbi Islam around the world.

With the oil gone, the money goes and Islam's most virulent strand dies...

29 posted on 09/05/2012 9:10:56 AM PDT by Cronos (**Marriage is about commitment, cohabitation is about convenience.**)
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To: driftdiver; Old Retired Army Guy

dd is correct — the only thing preventing an “arab spring” in Saudia is that the royal family bribes the locals with welfare. your average saudi citizen is useless for anything and gets everything from the state


30 posted on 09/05/2012 9:12:09 AM PDT by Cronos (**Marriage is about commitment, cohabitation is about convenience.**)
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To: Cronos

I agree.


31 posted on 09/05/2012 9:13:01 AM PDT by youngidiot (The name's Bond. James Bond. James Bond Jovi.)
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To: Cronos

“..The basic point – common to other Gulf oil producers – is that Saudi local consumption is rocketing. Residential use makes up 50pc of demand, and over two thirds of that is air-conditioning.”

I trust they would be making use of some type of evaporative cooling instead of Direct Expansion systems with refrigerant and compressors given the dry, hot climate.


32 posted on 09/05/2012 9:27:06 AM PDT by headstamp 2 (What would Scooby do?)
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To: politicianslie

They have lots of sunlight. They would make a prime candidate for solar energy. It rains about a week total for one year. You can’t take cold showers except during the colder months because the pipes heat up during the day.

One place I lived we had to disconnect the water heater and use that water for showers. They stored all the water in a huge tank above ground and it would be too hot to use in the shower.


33 posted on 09/05/2012 9:27:13 AM PDT by USAF80
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To: henkster

They have found that some of the oil fields are replenishing their oil so they may never run out.


34 posted on 09/05/2012 9:28:42 AM PDT by USAF80
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To: Cronos

We need to speed that up by encouraging the wider use of naural gas for transport fuel. See my tagline.


35 posted on 09/05/2012 9:37:03 AM PDT by meatloaf (Support Senate S 1863 & House Bill 1380 to eliminate oil slavery.)
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To: Cronos

Correct, but you have to fill that vacuum. Right now Egypt, Turkey, Iran and Libya are moving quickly in the more radical direction.


36 posted on 09/05/2012 9:37:56 AM PDT by 1010RD (First, Do No Harm)
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To: Carry_Okie

That same tribalistic, consumption lead economy exists in our nations ghettos and boardrooms. It’s got to stop.


37 posted on 09/05/2012 9:39:22 AM PDT by 1010RD (First, Do No Harm)
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To: Cronos

Sounds like they could use a couple of Russian made nuclear reactors.


38 posted on 09/05/2012 9:39:59 AM PDT by Sawdring
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To: ZULU

The sword.


39 posted on 09/05/2012 9:55:37 AM PDT by Boogieman
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To: henkster

Today’s Saudi oil use is not indicative of future use. Over 10 years ago the had begun a $50 billion conversion and expansion for phase 1 of a vast conversion to natural gas for much of the current domestic use.

I had planned to move back to the Arabian Peninsula for the start of this. Each area of the gas production centers were called Core Venture 1, 2 & 3. My wife and I were going through an all day orientation class when our future plans as well as Saudi Arabia’s changed. That was on Sept 11, 2001.

After several years of delay, the begun on a much smaller scale. But the projects are still going forward. At the same time they are building what will be the largest petrochemical/Refining complex in the world. Eventually they plan to export no oil at all and use little themselves


40 posted on 09/05/2012 10:01:30 AM PDT by thackney (life is fragile, handle with prayer)
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To: Boogieman

Never bring a knife to a gun fight!!

:)


41 posted on 09/05/2012 10:15:01 AM PDT by ZULU (See: http://www.youtube.com/watch_popup?v=D9vQt6IXXaM&hd)
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To: Cronos

Back in the 1970’s the Saudis were suppose to be out of oil less then 30 years.


42 posted on 09/05/2012 10:15:01 AM PDT by This I Wonder32460
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To: USAF80

That is a curiosity isn’t it, that some oil wells seem to refill.


43 posted on 09/05/2012 10:17:03 AM PDT by This I Wonder32460
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To: 1010RD
That same tribalistic, consumption lead economy exists in our nations ghettos and boardrooms.

Ever read the Fifth Commandment carefully?

You get twenty points if you have any idea why I said that.

44 posted on 09/05/2012 10:37:26 AM PDT by Carry_Okie (The Slave Party Switcheroo: Economic crisis! Zero's eligibility Trumped!! Hillary 2012!!!)
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To: jonno

I agree. We should be building nuclear plants and preparing additional sites and laying the infrastructure to drop new power plants in place.


45 posted on 09/05/2012 12:27:22 PM PDT by DannyTN
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To: This I Wonder32460

Some say that oil may not be from dead dinos after all. It may be naturally occurring because of pressure and heat.


46 posted on 09/05/2012 4:54:52 PM PDT by USAF80
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To: Carry_Okie

Catholic or Protestant Bible version?


47 posted on 09/05/2012 5:29:45 PM PDT by 1010RD (First, Do No Harm)
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To: 1010RD

Lol, Hebrew.


48 posted on 09/05/2012 5:39:07 PM PDT by Carry_Okie (The Slave Party Switcheroo: Economic crisis! Zero's eligibility Trumped!! Hillary 2012!!!)
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To: 1010RD

But to answer your question, that “father and mother” thingy... that one.


49 posted on 09/05/2012 5:40:06 PM PDT by Carry_Okie (The Slave Party Switcheroo: Economic crisis! Zero's eligibility Trumped!! Hillary 2012!!!)
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To: cripplecreek
Here in the east, much smaller dams can produce electricity to be fed into the grid and there are hundreds that are feasible electricity producers. Unlike wind, dams don’t stop producing power when there is too much water they simply keep going and dump the excess water. New generator tech makes the small dams very effective energy produces.

Northern Wisconsin and the UP of Michigan have hundreds of small hydro projects. All of them aging badly and falling into disrepair. The water is still there and the only thing lacking is the will to apply some of that new technology. Most of the old dams are low head and have minimal environmental impact.

Regards,
GtG

50 posted on 09/05/2012 6:25:21 PM PDT by Gandalf_The_Gray (I live in my own little world, I like it 'cuz they know me here.)
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