Well the batshit insane crowd is gonna possibly go berserk again;
You know the insane clown posse of knee jerks, faux noise, Glenn Beck, Rush the addict, Hannity, O’Rielly, WND, the Cheney Criminal Enterprise, reich wing bloviating radio, Coulter, Malkin, and of course the cowardly reich wing troll brigade …………
Why you ask?
Wel-l-l-l-l-l-l …..
Saudi, Facing Oil Consumption Spike, Mulls Nuclear (behind a paywall, Rupert owns it now)
IE build a nu-kle-ar plant in Saudi Arabia
What?
They have LOTS of oil, they say so.
Saudi Arabia’s proven reserves stood at 264.10
billion barrels of oil at the beginning 2009 according to the 2009
BP Statistical Review of World Energy.
Although this amount has remained essentially the same from 1989, even with them producing a cumulative total of 64 billion barrels over that time frame.
Which lead to this:
Matthew Simmons, a highly respected oil expert, predicts in his book,
“Twilight in the Desert,” that most of Saudi Arabia’s giant oil fields, including the Ghawar field (the world’s largest oil field which has been producing about five million barrels of oil per day for more than 50 years) is now or will soon experience the same fate as Mexico’s Cantarell Field — inexorable decline.
So they can’t need a nuke plant can they?
Actually …. yes.
They have lots of oil, …….. for now.
Remember that Cantarell oil field in Mexico,
It was placed on nitrogen injection in 2000, and production peaked at 2.1 million barrels per day (330,000 m3/d) in 2003. Production declined rapidly after that, and by 2009 had fallen to 772,000 barrels per day
Well Ghawar in the Saudi desert;
The Ghawar Oil Field is by far the largest conventional oil field in the world and accounts for more than half of the cumulative oil production of Saudi Arabia.
The field’s copious production has had help in the form of water injection, which was initiated in 1965.
As wells mature, engineers must manage the pressure by pumping natural gas or water into the wells. This forces oil upward and maintains flow. As more water is pumped into a well, more is found mixed with the extracted oil (the “water-cut.”) High water-cuts imply that a field is running out of natural pressure and becoming more depleted. Ghawar is a rare example of an oilfield with extraordinary natural pressure, although there are some signs that more water is now necessary to help maintain pressure levels.
Water injection volumes are included in a number of publicly available articles about Ghawar, with one of the more recent ones pegging the injection rate at seven million barrels of seawater per day. Water cut, according to other sources, has been reduced from approximately 35 percent to roughly 30 percent since vertical well drilling was shelved in favor of horizontal wellbores.
Saudis eye CO2 injection at Ghawar
Remember the Mexicans used nitrogen injection to hold up production in Cantrell for a few extra years, but the eventual decline in production could not be avoided.
Seems the Saudis are trying a similar trick here; trying to hold up production, to continue their claims they have enormous amounts of oil. But they don’t seem to want to tell us all exactly how much oil they have, which is why they pump and pump (using what ever it takes) but claim they aren’t decreasing their reserves.
They have a rising population and ever rising demand of oil internally. This conflicts with the fact, everybody else on the planet also wants that oil, which is why in a recession, during the fall (when it normally drops some), the price of oil is actually going up: $75.08 at the time I am writing this. Much higher then last spring, when oil was in the $30’s area.
They have supplied oil to the world since before WW2, the and been the swing producer of oil since the US peaked in production in the early 1970’s.
However they are producing at almost full capacity, and either have to cut exports due to the ELM, IE less oil to sell to the rest of the world, which would cause another rise in world oil prices. Or the Saudis find a new source of energy to produce electricity from.
Since, from the WSJ article above:
With electric power using around 75% of Saudi Arabia’s domestic oil, the need for another source of energy has become acute. And as the kingdom rolls out a $400 billion spending plan over the next five years to build the infrastructure needed to diversify its economy away from hydrocarbons, it will need all the money it can get from oil exports.
Hmmmm ya thunk may-be, just, may-be the Iranians which have a larger population … read that … more people using more oil, and a lower total reserve of oil left, are trying to do exactly that?
Save the oil which they are currently burning to produce electricity for their population and use nuke reactors to create electricity, which would allow them to make more money off the exports which would lower the cost of oil to the rest of us if even just for a little while. That would mean Bush, Cheney, Bolton, Kristol, the Israeli’s and the rest of the neo-con cabal was lying to us for years about the Iranian nuke program. Like they lied about Iraqi nukes, chemical weapons, and the rest of the crap they sold the sheeple to get their illegal invasion of Iraq.
So can we expect a new drum beat for oil against the country which originated 15 of the 19, 9-11 high-jackers, and funded the in Laden network more then any other country?
Funds most of the madrasas network in Pakistan, which both Al Qaeda and the Taliban draw recruits from.
Has the most extreme fundamental sect of politically approved sect of Islam, Wahhabism. The sect of Islam which Bin Laden and the Taliban drew from in formulating their extreme violent sect.
Could we expect the reich wing to go batshit crazy over this,
We l-l-l-l-l, …… no not exactly.
Cause the oil+banking sect which was behind the original PNAC neo-con cabal has too many lucrative ties to the House of Saud.
Like, Prince Alwaleed bin Talal owning a large stake in Citigroup, who is currently requesting the US Government sell the shares the government got for saving Citigroup from bankruptcy.
Or the Carlyle Group, which both George H W Bush and Bin Laden family’s, (until after9-11) among several other interesting individuals, held stakes in that is.
Or Arbusto Energy
Arbusto Energy (sometimes referred to as Arbusto Oil) was a petroleum and energy company formed in Midland, Texas, in 1977, for former US President George W. Bush by a group of investors which included Dorothy Bush, Lewis Lehrman, William Henry Draper III, Bill Gammell, and James R. Bath. The company’s chief financial officer was K. Michael Conaway, now a United States Congressman from Texas.
It was later revealed that Bath made an investment of $50,000 while representing Salem bin Laden of the Saudi Binladin Group. This fact became controversial after the September 11, 2001 attacks due to Salem bin Laden being an older, half-brother of Osama bin Laden, who planned and financed the attacks. Upon Salem bin Laden’s death in a 1988 airplane crash, in Texas, his interest in Arbusto (along with other Binladin Group assets), passed to Khalid bin Mahfouz (a wealthy Saudi Arabian businessman residing in Ireland, who was accused of supporting al-Qaeda.)
As for the Israelis, they won’t complain, cause even though the Saudis mouth the words, they never took the actions Saddam or Iran has in supporting Hezbollah or the Palestinians. The reason is simple the House of Saud has as much to fear from the Arab street as Israel ever has. Al Qaeda’s primary mission is actually to over throw the House of Saud, and replace the pro-western government there with one based on strict sharia rule.
Al-Qaeda ideologues envision a complete break from the foreign influences in Muslim countries and the creation of a new Islamic caliphate.
Naw, I can’t see the reich wing neo-con screeching for a war against the Saudis, nor their lunatic fringe in the MSM to push for it, in fact I bet this doesn’t really register on the US Main Stream entertainment Media at all.
Not in their interest of stirring up the rabble rousers, nor in the interest of the moneyed players (on both sides of the ocean) who pull their strings.
PS: I bet you don’t even hear either dipshit; Sarah Palin or Michelle Bachmann mention it.
Spits of rage…