Hee. I’m hearing Doris Day’s voice for some reason. I wonder why that is? :)
Aside: Ever notice what great posture the old movie stars had? What happened to that?
Facts:
Syria — oil reserves 2.5 billion barrels, roughly same as Yemen, tiny fractions of most of the Middle east. Very small potatoes
Output 40K barrels/day. 14 million/year. 2.5B/14M = 178 yrs. Ramp production X 10, 17 yrs remaining — and 400K/day is also small potatoes. You get that from a few wells offshore Louisiana. Syria’s oil is inconsequential
Gas reserves — 0.3 Trillion cubic meters. 1/2 Israel’s offshore Leviathon field. Output 3 billion cubic meter/yr.
Context, US consumption is 1.1 TRILLION cubic meters/yr
About 15 yrs ago Ukraine hated Syria. Syria was the only obstacle to a gas pipeline from Qatar to Turkey (and onwards to Europe). This would erase the Ukraine transit fee of Gazprom flow to Europe. So Ukraine hated that Assad sometimes tried to tease his willingness blah blah.
But now, times changed. Now the Leviathon offshore Israel is in progress. It will ship direct to Europe, bypassing Turkey and Syria both.
So Syria . . . just can’t win.