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 ...
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.
They wouldn't even have functioning indoor pluming without their Third Country Nationals (TCNs), or indentured servants.
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.
Don’t want one; too much glare for me. LOL.
“Saudis think they are “blessed” with their wealth and deserved to live in luxury for NO WORK.”
Sounds just like the Democrats.
I agree.
With the oil gone, the money goes and Islam's most virulent strand dies...
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
I agree.
“..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.
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.
They have found that some of the oil fields are replenishing their oil so they may never run out.
We need to speed that up by encouraging the wider use of naural gas for transport fuel. See my tagline.
Correct, but you have to fill that vacuum. Right now Egypt, Turkey, Iran and Libya are moving quickly in the more radical direction.
That same tribalistic, consumption lead economy exists in our nations ghettos and boardrooms. It’s got to stop.
Sounds like they could use a couple of Russian made nuclear reactors.
The sword.
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
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.