Filed under: Uncategorized | Tags: Aramco, energy, KSA, Naimi, peak oil, Prince Faisal, Saudi Arabia, Saudi Arabian oil consumption, Saudi Oil Minister, Saudi oil production, Saudi production capacity
Even in a totalitarian government they can’t get their stories together.
“Saudi Arabia’s national production management scheme is set to increase total capacity to 15 million barrels per day and have an export potential of 10 [million] barrels per day by 2020,” Prince Faisal, a former Saudi ambassador to the US and UK said in a speech at the Belfer Centre for Science and International Affairs of Harvard University. The speech was delivered last week and posted on the centre’s website late Monday.
The prince clarified his position in an email on Tuesday. “Saudi consumption may reach five million barrels of oil by then , hence the production capacity of fifteen million barrels,” is required to maintain country’s export potential, he said.
Saudi Arabia would be lucky to go past production of 9 million barrels a day by 2020 and, “we don’t see anything like 15 million barrels a day before 2030, 2040,” said Naimi in an appearance at the Centre for Strategic and International Studies in Washington DC Tuesday.
Notice in this article and others how any potential increase or decrease in Saudi oil production is always portrayed as a matter of policy, not geology.
Filed under: Uncategorized | Tags: abaya, America's Gas Station, bicycle ban, bicycle smile, bicycling, cycling ban, desert cycling, KSA, MIA, Saudi Arabia, Saudi Arabian oil consumption, this is largely our fault
The kingdom’s religious police are now allowing women to ride bikes in parks and recreational areas.
However, they have to be accompanied by a male relative and dressed in the full Islamic head-to-toe abaya.
No cycling for transportation of course. Not in the Big Gas Station. A strange policy considering that every time somebody gets into a car in SA, it comes straight out of the profits of the princes.
I guess the Saudi religious police have never heard of ‘bicycle smile.’
Filed under: Uncategorized | Tags: available net exports, energy, JODI, Joint Oil Data Initiative, KSA, oil demand, peak oil, Saudi Arabia, Saudi Arabian oil consumption, Saudi Arabian oil production, Taco Bell
Leaving less for our late-night Taco Bell runs.
DUBAI, Nov 19 (Reuters) – Saudi Arabia burned record volumes
of crude oil over the summer, official government figures show,
contrary to its aim of using more gas for power generatation to
reduce wastage of crude that it could export.
During the peak period from early June through September,
Saudi Arabia burned an average of 763,250 barrels per day (bpd)
of crude, compared to an average of 701,250 bpd last year and
747,750 bpd in the previous record summer of 2010, official
government data issued on Sunday under the Joint Oil Data
Initiative (JODI) shows.