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Re: Saudi Arabia to be Oil importer in 18 years?
Posted: Thu Oct 04, 2012 10:35 pm
by gurey25
This is exagerated but there is an underlying truth.
The Saudis have been lying about their reserves since the 80's.
but they wont be running out by 2030, the estimates i heard where mid 60's.
While UAE, Kuwait and Iraq and Venezualas are expected to last till 2090 -2100 ~
Re: Saudi Arabia to be Oil importer in 18 years?
Posted: Thu Oct 04, 2012 11:30 pm
by FAH1223
gurey25 wrote:This is exagerated but there is an underlying truth.
The Saudis have been lying about their reserves since the 80's.
but they wont be running out by 2030, the estimates i heard where mid 60's.
While UAE, Kuwait and Iraq and Venezualas are expected to last till 2090 -2100 ~
i talked to this saudi guy earlier and he was saying his country has been living off one oil ridge for the past 80+ years and there's two others they haven't explored yet

Re: Saudi Arabia to be Oil importer in 18 years?
Posted: Thu Oct 04, 2012 11:46 pm
by InvisibleHand
All the more reason for these oil countries to diversify. I like what Qatar and UAE are doing right now. Qatar in fact is the country that I truly admire. There is one organization in Qatar called the Qatar Foundation. The Qatar Foundation is an organization that seeks to transform Qatar from a country wholly dependent on its resources to a knowledge based society. This is the way forward. Their resources might last them for 100 or 200 years but they are thinking ahead.
Virtually all the major oil producing countries right now (other than US, Canada) depend on their oil to maintain a high quality of life and even to exist. Some countries like the ones I listed above are currently in the transition stage but more is needed to be done.
Re: Saudi Arabia to be Oil importer in 18 years?
Posted: Thu Oct 04, 2012 11:52 pm
by Jaidi
FAH1223 wrote:gurey25 wrote:This is exagerated but there is an underlying truth.
The Saudis have been lying about their reserves since the 80's.
but they wont be running out by 2030, the estimates i heard where mid 60's.
While UAE, Kuwait and Iraq and Venezualas are expected to last till 2090 -2100 ~
i talked to this saudi guy earlier and he was saying his country has been living off one oil ridge for the past 80+ years and there's two others they haven't explored yet

Same thing with the UAE as well, they're even offering some concessions up to new countries when they finally go up for renegotiation soon.
Re: Saudi Arabia to be Oil importer in 18 years?
Posted: Thu Oct 04, 2012 11:53 pm
by Jaidi
InvisibleHand wrote:All the more reason for these oil countries to diversify. I like what Qatar and UAE are doing right now. Qatar in fact is the country that I truly admire. There is one organization in Qatar called the Qatar Foundation. The Qatar Foundation is an organization that seeks to transform Qatar from a country wholly dependent on its resources to a knowledge based society. This is the way forward. Their resources might last them for 100 or 200 years but they are thinking ahead.
Virtually all the major oil producing countries right now (other than US, Canada) depend on their oil to maintain a high quality of life and even to exist. Some countries like the ones I listed above are currently in the transition stage but more is needed to be done.

Knowledge based society? With what human capital? Attempts to educate Gulf Nationals en masse are doomed for perpetual failure, there is zero motivation.
Re: Saudi Arabia to be Oil importer in 18 years?
Posted: Fri Oct 05, 2012 12:13 am
by InvisibleHand
Jaidi wrote:InvisibleHand wrote:All the more reason for these oil countries to diversify. I like what Qatar and UAE are doing right now. Qatar in fact is the country that I truly admire. There is one organization in Qatar called the Qatar Foundation. The Qatar Foundation is an organization that seeks to transform Qatar from a country wholly dependent on its resources to a knowledge based society. This is the way forward. Their resources might last them for 100 or 200 years but they are thinking ahead.
Virtually all the major oil producing countries right now (other than US, Canada) depend on their oil to maintain a high quality of life and even to exist. Some countries like the ones I listed above are currently in the transition stage but more is needed to be done.

Knowledge based society? With what human capital? Attempts to educate Gulf Nationals en masse are doomed for perpetual failure, there is zero motivation.

Re: Saudi Arabia to be Oil importer in 18 years?
Posted: Fri Oct 05, 2012 4:06 pm
by Enemy_Of_Mad_Mullah
DR-YALAXOOW wrote:for example the city of makah and so called zamzam holy water is nothing more than water desalination water from Red sea.
and some people on here have the nerve say this mutherfuker is muslim
Re: Saudi Arabia to be Oil importer in 18 years?
Posted: Fri Oct 05, 2012 4:10 pm
by DR-YALAXOOW
I would probably get banned couple of weeks if i insulted someones Mother!! i would see if this non cadaalad hairy kid FAH would bann this stupid person Enemy_Of_Mad_Mullah

who insulted MY MOTHER!!!
if we play the rules this stupid person should be banned atlist 2 weeks!!
Re: Saudi Arabia to be Oil importer in 18 years?
Posted: Fri Oct 05, 2012 4:48 pm
by Cumar-Labasuul
I don't think it will be that soon they still have one of the largest proven oil reserves in the world just after venezuela. it's actually the emiratis and qataris who will run out soon - that's why they are looking into tourism.
The real ballers are.....
297 billion barrels
Re: Saudi Arabia to be Oil importer in 18 years?
Posted: Fri Oct 05, 2012 5:10 pm
by ZubeirAwal
gurey25 wrote:AbuukarSubeer wrote:In 18 years time, Saudi, Kuwaiti, Iraqi oil will be in the hands of Isreal.

your arab attitude disgusts me.
thinking isreal is a special magical place, where the people have super powers.
isreal is not so great my friend, its the arab that are so terribly stupid that they make everyone shine
Calm down akhi, They are not great indeed, the arabs have been bribed and fooled and can only blame themselves for a grim future that lies ahead of them. The plague.
Re: Saudi Arabia to be Oil importer in 18 years?
Posted: Fri Oct 05, 2012 5:52 pm
by Executive
Re: Saudi Arabia to be Oil importer in 18 years?
Posted: Fri Oct 05, 2012 6:00 pm
by AgentOfChaos
Re: Saudi Arabia to be Oil importer in 18 years?
Posted: Fri Oct 05, 2012 6:01 pm
by DR-YALAXOOW
cheerleaders

Re: Saudi Arabia to be Oil importer in 18 years?
Posted: Fri Oct 05, 2012 6:03 pm
by AgentOfChaos
Re: Saudi Arabia to be Oil importer in 18 years?
Posted: Fri Oct 05, 2012 6:08 pm
by eliteSomali
DR-YALAXOOW wrote:I would probably get banned couple of weeks if i insulted someones Mother!! i would see if this
non cadaalad hairy kid FAH would bann this stupid person Enemy_Of_Mad_Mullah

who insulted MY MOTHER!!!
if we play the rules this stupid person should be banned atlist 2 weeks!!

what happened 'skinny kid canjeero iyo maraq cooking fah'.

If any of the MODs ever ban yalaxoow, we beefin'.