james (![[info]](http://l-stat.livejournal.com/img/userinfo.gif){kind=small} peretski) wrote,@ 2008-08-31 22:30:00 |
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I was reading an interesting tirade about, well honestly everything, that hit upon a key supposition that really makes a lot of sense if you think about it.
saudi arabia is out of oil.
see, it seems that when they kicked out the american companies that were running the oil drilling operations, they had say 10 bazillion barrels of oil. They later claim that with no other deposits found they have 15 bazillion. OPEC is formed, and they base yearly export quotas on the amount of oil in the ground... and saudi arabia now has 23 bazillion barrels. but the funny thing is, saudi arabia hasn't found any new deposits. and every year, they say they have, huh, 23 bazillion barrels of oil. it's almost as if they aren't exporting any. but they do export. and both the amount they export, who they export to, and when, all happen to be state secrets.
the report also conjectures that bush knows this.
which means the war in iraq, drilling for oil in anwar... if saudi arabia is empty and everyone else in opec is running out... these are all very good ideas.
but lets look at what saudi arabia is doing... investments in wind turbine technologies... investments in solar industries... banking an commerce centers... buying up companies and real estate in america? does this sound like the actions of someone secure in their oil wealth?
so, what does this mean? buy an electric car. install solar heating panels. buy stock in my company.
I was reading an interesting tirade about, well honestly everything, that hit upon a key supposition that really makes a lot of sense if you think about it.
saudi arabia is out of oil.
see, it seems that when they kicked out the american companies that were running the oil drilling operations, they had say 10 bazillion barrels of oil. They later claim that with no other deposits found they have 15 bazillion. OPEC is formed, and they base yearly export quotas on the amount of oil in the ground... and saudi arabia now has 23 bazillion barrels. but the funny thing is, saudi arabia hasn't found any new deposits. and every year, they say they have, huh, 23 bazillion barrels of oil. it's almost as if they aren't exporting any. but they do export. and both the amount they export, who they export to, and when, all happen to be state secrets.
the report also conjectures that bush knows this.
which means the war in iraq, drilling for oil in anwar... if saudi arabia is empty and everyone else in opec is running out... these are all very good ideas.
but lets look at what saudi arabia is doing... investments in wind turbine technologies... investments in solar industries... banking an commerce centers... buying up companies and real estate in america? does this sound like the actions of someone secure in their oil wealth?
so, what does this mean? buy an electric car. install solar heating panels. buy stock in my company.
