Confidence Frays In Saudi Gas Prospects

[phantom power]

When France's Total officially pulled the plug on its gas exploration adventure in Saudi Arabia last week, it was the first overt sign of disaffection with the ongoing gas program undertaken by four international joint ventures in the remote Rub al-Khali desert. But the news isn't much better from the other ventures, and concern is spreading that this public-private initiative may do little to solve the kingdom's internal gas supply problems -- much less provide gas for export (WGI Feb.27,p1).

(...)

No commercial discoveries have been announced so far by the other three consortia, either: Russian Lukoil-led Luksar, China's Sinopec-led Saudi Sino Gas (SSG), and the EniRepSa venture linking Italy's Eni with Spain's Repsol YPF. In all, the four ventures have drilled around 10 wells with no commercial results to speak of, although most have found some gas.

http://www.energyintel.com/documentdetail.asp?document_id=223473

[physioex]

1. Couldn't happen to a better....

Fundie-Corrupt Theocracy. I can hardly wait till the wells run dry and let's not live in denial because they will soon....

[hunter]

3. An angry hungry mob of fundamentalists set loose on the world...

That's not something to look forward to.

[NNadir]

8. Yeah, because you never know...

...they could start hijacking planes and flying them into buildings or something like that.

Some people say that fear of risks of dangerous fossil fuel terrorism, but you never know. It could happen.

[phantom power]

4. Fundy theocracies thrive in hard times. Times are going to be hard all over.

When I think about the future of this country, I think Huckabee.

[physioex]

6. They had their chance....

They had all this oil revenue for decades. What could have done with all that wealth? They didn't distribute it equally since unemployment in SA is soo high. They didn't work on alternative energy. They didn't spend it on education. What did they do? Squander it on extravegance, corruption, and prostitutes.

[phantom power]

7. I don't know. Why are human beings selfish and short-sighted?

Because selfish and shortsighted works pretty well, until evolution accidentally attaches it to a big brain.

[catnhatnh]

2. Useless Trivia....

Rub ah-Khali translates as "the empty quarter".....

[phantom power]

5. like "the back 40?"

[Nihil]

9. As above, so below?

:shrug: