Posted on 07/29/2013 6:29:56 AM PDT by Oldeconomybuyer
Saudi Arabian billionaire Prince Alwaleed bin Talal has warned that the kingdom's petroleum-dependent economy is increasingly vulnerable as rising production of U.S. shale oil and gas decreases global demand for crude from members of the Organization of the Petroleum Exporting Countries.
In an open letter dated May 13 addressed to Saudi Oil Minister Ali al-Naimi and several other ministers, said the kingdom won't be able to fulfill its plan to increase its crude production capacity to 15 million barrels because of the shale threat.
(Excerpt) Read more at marketwatch.com ...
shouldn’t be any problem if Saudi Arabia runs out of oil cause they’ve invested their oil wealth in such a diverse way as to ensure there wealth forever right?
Oh, NOOOOOO. that’s right, they’ve squandered it all on crap.
“I hope that that researcher turns out to be a Jewish scientist”.
I hope that that researcher turns out to be a female Jewish scientist.
Many years ago, I saw a man fill his tank with water, drop in a pill and drive away. Never saw or heard anything about him after that.
The link below will take Freepers to the many excellent articles on Fracking and how/why the enviro whackos, Opecker Thug supporters and rats worse fear is the coming of fracking here and around the world.
http://www.freerepublic.com/tag/fracking/index
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