( Daled Amos) The Arabs are getting it that the new oil technology will make the West much less dependent on the Middle East for oil: The issue of global energy security seems changing nexus now, resulting in uncertain call on Saudi and OPEC oil in medium term. Large new, conventional and unconventional reserves in North America, and elsewhere, are questioning the dominant role of OPEC in meeting the global oil thirst. These new developments have also sapped the urgency to develop the Kingdom’s own reserves — further — at this stage. The transition has been in air for some time now — yet it has just been officially conceded — from the top. “The abundance of resources and the more ‘balanced’ geographical distribution of unconventionals have reduced the much-hyped concerns over ‘energy security’ which once served as the undercurrent driving energy policies and dominated the global energy debate,” Khalid Al-Falih, the Aramco CEO, said last week at the Energy Dialogue organized by the King Abdullah Petroleum Studies and Research Center. ...Good, old, uncle Cheney, the former US Vice president once said: “The problem is that the Good Lord didn’t see fit to put oil and gas reserves in places where there are more democratic governments.” His prayers seem to have been answered — finally! (MORE)
Amen. Game
over for the liberal hippies who enabled Islam. celebrate by jumping in
a car and driving real fast! That's right ladies... no more sheik
harems in Dubai while the Americans are unemployed and living at home
with Mom and Dad. No more Pelosi... no more Obama. No more guilt.
( Daled Amos) The Arabs are getting it that the new oil technology will make the West much less dependent on the Middle East for oil: The issue of global energy security seems changing nexus now, resulting in uncertain call on Saudi and OPEC oil in medium term. Large new, conventional and unconventional reserves in North America, and elsewhere, are questioning the dominant role of OPEC in meeting the global oil thirst. These new developments have also sapped the urgency to develop the Kingdom’s own reserves — further — at this stage. The transition has been in air for some time now — yet it has just been officially conceded — from the top. “The abundance of resources and the more ‘balanced’ geographical distribution of unconventionals have reduced the much-hyped concerns over ‘energy security’ which once served as the undercurrent driving energy policies and dominated the global energy debate,” Khalid Al-Falih, the Aramco CEO, said last week at the Energy Dialogue organized by the King Abdullah Petroleum Studies and Research Center. ...Good, old, uncle Cheney, the former US Vice president once said: “The problem is that the Good Lord didn’t see fit to put oil and gas reserves in places where there are more democratic governments.” His prayers seem to have been answered — finally! (MORE)
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