Arab gas guzzling threatens global energy balance

[phantom power]

BTW, I love the title -- how dare Export Land keep its exports for itself? The nerve!
:rofl:


NEW YORK/DUBAI — Middle Eastern demand for its own oil could be a bigger threat to the global energy balance than unrest in the region — at least long term. Rising demand at home threatens to limit Saudi Arabia’s key role as the world’s swing producer and could spell structurally higher prices for global markets.

A Saudi official this month expressed unusual public concern about the nation’s energy use. Oil consumption, boosted by car use and air conditioning, has risen by half in the past decade to an estimated 2.7 million barrels per day (bpd) this year. Saudi Aramco, the national oil group, reckons demand could reach 8.3 million bpd by 2030.

Currently, after exports and domestic consumption, Saudi has spare capacity estimated at 2.8 million bpd — a crucial buffer amounting to about 3 percent of global oil consumption. Aramco’s forecast suggests that could be fully absorbed by domestic demand this side of 2025.

http://blogs.reuters.com/columns/2011/04/20/arab-gas-guzzling-threatens-global-energy-balance/

[Drale]

1. I thought they all rode camels around all day?

No shitting you, I heard someone ask a muslim girl at school that today. Her response was awesome. She said "Yeah mines green and is named Ahmed."

[pscot]

2. Those dirty rats!

That's our oil.

[RKP5637]

3. Yep, just ask Trump! n/t

[Nihil]

4. Reuters hits it out of the park again!

>> Arab gas guzzling threatens global energy balance
> BTW, I love the title -- how dare Export Land keep its exports for itself? The nerve!

Isn't that just the truth though?

Arab gas guzzling is causing a global problem?

Which gas guzzling nation is busy with three wars (and several covert actions)
in order to "protect" its oil supply?

:rofl: