Saudis worry over North American shale oil surge

financialpost.com ^ | 14-21-11 | Yadullah Hussain

[RedMDer]

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[bricks4all@aol.com]

don’t leave out Alaska ... great source, maybe the best, just a little more work to get it

http://www.adn.com/2011/03/05/1739077/great-bear-betting-big-on-alaskas.html

[listenhillary]

Ford foundation, Heinz foundation, guilty rich white liberals running charitable trusts created from very successful capitalists.

[Vince Ferrer]

There has been some speculation that the Saudi oil fields are peaking out, and they cannot increase their output. They have also been long accused of holding the price of oil just below what it would take to develop alternatives. This article implies they would like to lower the price of oil, but can’t. This means they can’t increase their output.

[Ernie Kaputnik]

Yes, I realize that.

No worries. No offense was taken.

Appreciate your input.

Thanks.

[EnglishCon]

Just a heads up. The UK price of lpg at the pump is about £0.52 - well under half the £1.43 petrol is running at at the moment. Italy is similar - those are the only two countries I know through actually buying the fuel.

Had our main mileage car converted to gas about 15 months ago - it cost £900 and I have saved more than that in fuel costs already. Of course, you have to watch your air filters and keep the engine tuned, but I do that myself.
Only minor niggle is a little less power when you put your foot down hard.

[Mind-numbed Robot]

I think it's safe to say that there were 3000 Americans that would have voted for ethical oil.

What is ethical oil and what is ethical about it?

[af_vet_rr]

I don’t think anything is really holding back production in Texas.

Maybe money to invest in new infrastructure or the technology to look at older oilfields in Texas, but we have money coming in from outside of the state to help cover those costs.

Back in 2010, Governor Perry visited China and encouraged them to invest in our oil and gas industry, and it's paying off. China's biggest offshore oil producer spent $1 billion to buy into a South Texas shale project and some reports have them spending $2 billion.

That kind of money is getting those projects into play a lot quicker than they might have otherwise. They had 10 oil rigs on that one project operating at the end of 2010, and are projected to have 40 oil rigs up and running by the end of this year.

[TheOldLady]

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[bayouranger]

Ethical Oil TV Ad - Saudi Arabia (The ad Saudi Arabia doesn’t want you to see)

http://www.youtube.com/watch?v=1SjZlqbDudI

[Mind-numbed Robot]

Thank you. I figured it was some of kind of Green Oil.