Middle East oil supply (fwd)

From: Joel Cannon (jcannon@jcannon.washjeff.edu)
Date: Wed May 22 2002 - 14:26:30 EDT

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    Wouldn't it be nice if you could somehow make President Bush and Vice
    President Cheney aware of this---and get them to respond to it by
    telling the people of the United States the truth.

    Forwarded message:
    > From asa-owner@lists.calvin.edu Wed May 22 14:11:43 2002
    > Message-Id: <200205221758.g4MHwU932219@udomo5.calvin.edu>
    > From: "Glenn Morton" <glenn.morton@btinternet.com>
    > To: <asa@calvin.edu>
    > Subject: Middle East oil supply
    > Date: Wed, 22 May 2002 06:24:23 -0700
    > Sender: asa-owner@lists.calvin.edu
    > Precedence: bulk
    > There is a new report out by Simmons and Company which basically says that
    > we will not be able to count on Middle Eastern oil supply in the future. The
    > reason for this is demographic. The Middle East population is growing
    > rapidly and will require the internal use of much oil and gas just to take
    > care of their population. The report notes that just meeting water needs for
    > 40 million people will require a huge jump in energy use. Today Saudi Arabia
    > has slightly over 20 million people. Within a generation, that could easily
    > double given their birth rates. (Osama had something like 50 siblings).
    > Thus, the oil won't be so easily exportable from a political point of view,
    > even assuming it is there. The Saudi Arabian fields average 45 years old
    > with two of the largest over 54 years old. Those fields are showing signs of
    > their age. Old fields don't produce rapidly.
    > The report points out that Shaybah is the first large field Saudi has
    > developed for years and it cost between $2.5 and $3.5 billion to develop.
    > It will produce at peak production 500,000 barels/day. That is $5,500 per
    > peak barrel. Other Middle eastern fields which await development will
    > require anywhere from $7,500 to $11,400 per peak barrel. While the over all
    > economics of the fields are great, the amount of oil per day for the world,
    > the rate of flow is not great for that investment.
    > The report is
    > The Middle East: The Energy Solution Or The Energy Problem?
    > http://www.simmonsco-intl.com/domino/html/research.nsf/0/2B7C1D51A080FF78862
    > 56BC00067074C?open
    > For those who think we have a rosy energy future, take another think.
    > glenn
    > see http://www.glenn.morton.btinternet.co.uk/dmd.htm
    > for lots of creation/evolution information
    > anthropology/geology/paleontology/theology\
    > personal stories of struggle

    Joel W. Cannon | (724)223-6146
    Physics Department | jcannon@washjeff.edu
    Washington and Jefferson College |
    Washington, PA 15301 |

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