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Between 1985 and 1990, Saudi Arabia increased oil production by 6 million bbl/d at a time when the world was using 60 million bbl/d.
The price of oil collapsed. Oil prices went from $60 a barrel to $20-$30 a barrel. (Today's Dollars).
Today, the West cannot add a production of 6 million barrel of cheap oil. Because the West is running out of oil that can be produced easily and cheaply.
But, the West, with India and China, can save at least 6 million barrel of oil.
In 2010, trucks used 13 million barrel of oil per day.
Industrial activities used 14 million barrel of oil per day.
Heat generation used 9 million barrel of oil per day.
Power plants used 5 million barrel of oil per day.
Ships used 4 million barrel of oil per day.

Using passives houses, using double stack freight trains, using biomass boilers, using ships fitted with sails, using trucks powered by gas,.. the world could save at least 6 million barrels a day without reducing car use.

Then, oil price should drop. The oil price collapse and the collapse of OPEC's earnings would be the reward.

Between 1985 and 1990, Saudi Arabia increased oil production by 6 million bbl/d at a time when the world was using 60 million bbl/d.

Funny. You pulled that one all the way out to the elbow from the nether regions.

I was working in Saudi Arabia in 1985.

Their oil production was 10 million barrels a day, at that time. They were shutting down proposed projects in the empty quarter and were moth balling Kurais1-4, Abu Jifan, Mazalij, and Qirdi during pre-commissioning. The production in the new fields was underwhelming and thought not to be economical. They did not increase production by 6 million barrels between 1985 and 1990. Quite the opposite happened. They began reducing production.

During Gulf War 1, Saudi Arabia did quite extensive damage to their oil production capacity by over producing in the Ghawar oil field.

I know all about Saudi Arabia, however your response has nothing to do with anything, inclusive of reality or economics.

A couple observations about you now.

1. English is not your primary language.
2. You are very new here.
3. All of your posts (posting history) are anti-fracking.
4. Your arguments at best are irrational and politically based testimonials.
5. Prince Alwaleed bin Talal does not agree with your anti-fracking opinions.

Based on these observations I have a couple questions for you.

Do you worship the moon god or are you a liberal arts student? Neither of those questions are necessarily exclusive of the other.