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Saudis Pay 45 Cent Per Gallon of Gasoline

wrichcirw
Posts: 11,196
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2/21/2013 10:01:19 PM
Posted: 3 years ago
http://www.bloomberg.com...

So, yeah.

Saudi Arabia, which holds one-fifth of the world's oil reserves, is pursuing wind, solar and nuclear power to help cut in half the crude and natural gas it burns to generate its electricity.

Persian Gulf oil producers are seeking new ways to generate power because they would rather sell their crude to gas-hungry countries than burn it.


So, who won in Iraq?
At 8/9/2013 9:41:24 AM, wrichcirw wrote:
If you are civil with me, I will be civil to you. If you decide to bring unreasonable animosity to bear in a reasonable discussion, then what would you expect other than to get flustered?
wrichcirw
Posts: 11,196
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2/21/2013 10:02:52 PM
Posted: 3 years ago
Whoops, I missed the next slide:

Venezuela pays 6 cents per gallon of gas. Yes, $0.06 PER GALLON.

http://www.bloomberg.com...

That's a great coastline BTW.
At 8/9/2013 9:41:24 AM, wrichcirw wrote:
If you are civil with me, I will be civil to you. If you decide to bring unreasonable animosity to bear in a reasonable discussion, then what would you expect other than to get flustered?
Eitan_Zohar
Posts: 2,697
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2/23/2013 8:52:35 PM
Posted: 3 years ago
What about Canadians? Low population, large oil reserves and everything?
"It is my ambition to say in ten sentences what others say in a whole book."
johnnyboy54
Posts: 6,362
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2/23/2013 10:21:33 PM
Posted: 3 years ago
At 2/21/2013 10:01:19 PM, wrichcirw wrote:
http://www.bloomberg.com...

So, yeah.

Saudi Arabia, which holds one-fifth of the world's oil reserves, is pursuing wind, solar and nuclear power to help cut in half the crude and natural gas it burns to generate its electricity.

Persian Gulf oil producers are seeking new ways to generate power because they would rather sell their crude to gas-hungry countries than burn it.


Of course they do. There is higher demand for it over here than over there.

So, who won in Iraq?
I didn't order assholes with my whiskey.
wrichcirw
Posts: 11,196
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2/23/2013 11:04:04 PM
Posted: 3 years ago
At 2/23/2013 10:13:19 PM, Cermank wrote:
They subsidize the prices of gasoline. Heavily.

The question to be asked is, for how long?

As long as they can afford it, and at $100/barrel, they can afford it indefinitely.
At 8/9/2013 9:41:24 AM, wrichcirw wrote:
If you are civil with me, I will be civil to you. If you decide to bring unreasonable animosity to bear in a reasonable discussion, then what would you expect other than to get flustered?
wrichcirw
Posts: 11,196
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2/23/2013 11:04:45 PM
Posted: 3 years ago
At 2/23/2013 8:52:35 PM, Eitan_Zohar wrote:
What about Canadians? Low population, large oil reserves and everything?

lol, you're welcome to go through their slideshow. Once was enough for me. :)
At 8/9/2013 9:41:24 AM, wrichcirw wrote:
If you are civil with me, I will be civil to you. If you decide to bring unreasonable animosity to bear in a reasonable discussion, then what would you expect other than to get flustered?
wrichcirw
Posts: 11,196
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2/23/2013 11:06:08 PM
Posted: 3 years ago
At 2/23/2013 10:21:33 PM, johnnyboy54 wrote:
At 2/21/2013 10:01:19 PM, wrichcirw wrote:
http://www.bloomberg.com...

So, yeah.

Saudi Arabia, which holds one-fifth of the world's oil reserves, is pursuing wind, solar and nuclear power to help cut in half the crude and natural gas it burns to generate its electricity.

Persian Gulf oil producers are seeking new ways to generate power because they would rather sell their crude to gas-hungry countries than burn it.


Of course they do. There is higher demand for it over here than over there.

This is not true in Kuwait and the UAE, and they have higher costs of extraction than the Sauds.
At 8/9/2013 9:41:24 AM, wrichcirw wrote:
If you are civil with me, I will be civil to you. If you decide to bring unreasonable animosity to bear in a reasonable discussion, then what would you expect other than to get flustered?