Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $35,069
43%  
Woo hoo!! And we're now over 43%!! Thank you all very much!! God bless.

Keyword: energyjihad

Brevity: Headers | « Text »
  • Saudis worry over North American shale oil surge

    01/11/2012 10:05:38 AM PST · by bayouranger · 70 replies · 3+ views
    financialpost.com ^ | 14-21-11 | Yadullah Hussain
    While the green movement naively harbours hopes it will be able to shut down unconventional oil and gas development, in Saudi Arabia they are already contemplating a time when North American fossil fuel will replace their oil. Looking past the din of protesters, state-owned oil giant Saudi Aramco is resigned to the fact that its influence will wane because of the massive unconventional fossil-fuel development underway in North America. As such, Saudi Arabia has no plans to raise its production output to 15 million barrels per day from 12 million, said Khalid Al-Falih, the powerful chief executive of Aramco. “There...