For decades, the true numbers relating to Saudi Arabia’s level of crude oil reserves and production have been a subject of much debate and confusion, not helped by the obfuscation from the Saudis over precisely what these numbers are. The reason for obfuscation is that Saudi Arabia’s only...
Matthew DiLallo
Big Oil giants from Texas to Saudi Arabia are turning to plastic to support future growth. The International Energy Agency predicts that “oil demand related to plastic consumption overtakes that for road-passenger transport by 2050,” and its top...
The bond prospectus may have cited surprisingly low production figures for Ghawar, though it did confirm that Saudi Aramco does have the capacity to pump up to 12 million barrels a day. As well as operational fields the Kingdom also referred to a neutral zone that harbours an additiona...
us (especially when it comes toinflation), as the largest economy in the world cannot sustain itself without this global poison. Without the seemingly endless amount of oil and natural gas they’re sitting on top of, Saudi Arabia could never push around the United States the way it does. ...
The old woman has much wisdom to share. There is a great deal of oil in Saudi Arabia. Little can go before a count noun if it is used as an adjective. For example, "The little boy is playing." In this example, littl...
In 2021, Russia exported over 7,000,000 b/d in crude oil and petroleum products to the world. This is a massive amount, and there is no easy and ready replacement for that much production. The world depends on this oil to a large extent....
How Much Does a Cruise Cost? Of course, there are millionaires who cruise, but you don't have to be one to enjoy a wonderful vacation at sea! Many people don't realize how economical a cruise can be. Cruises start at as little as $100 per person per day (double occupancy), which ...
How Much Does a Cruise Cost? Of course, there are millionaires who cruise, but you don't have to be one to enjoy a wonderful vacation at sea! Many people don't realize how economical a cruise can be. Cruises start at as little as $100 per person per day (double occupancy), which ...
Since the OPEC nations produce so much of the world's oil supply, they can manipulate the price per barrel depending on how manybarrels per daythe group will sell on the world oil market. If the group wants the price to rise in order to make more money, they can reduce the amount of...