[onlooker]

There are of course doomers here that would argue that the planet can not support 7.5 billion people regardless of what transition we make to alternative power sources -----
I wholeheartedly believe that. Some tough questions for our entire species

[Yoshua]

Saudi Arabia has been producing an increasing amount of energy to try to maintain their crude exports.

[Yoshua]

Saudi Arabias nat gas production and consumption has doubled since 2000 and count for 40% of Saudi primary energy consumption.



Add to this all the technology, machines and steel they are importing for their megaprojects and the energy consumption is starting to be high.

And since Saudi Arabia's largest share of exports is crude oil that needs to be refined and distributed before the net energy of Saudi Arabia's petroleum production can be calculated, then Saudi Arabia might all ready be close to the energy half way point...EOR would certainly push them over the energy half way point.

[AdamB]

$this->bbcode_second_pass_quote('Yoshua', 'S')audi Arabia has been producing an increasing amount of energy to try to maintain their crude exports.

[AdamB]

$this->bbcode_second_pass_quote('pstarr', '
')Folks don't understand the money we shove down the drill pipe in our need for oil.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'F')olks don't understand the money we shove down the drill pipe in our need for oil. Out of sight, out of mind. The idiots think oil grows on trees lol Here's another example Yoshua (not dissimilar to the $100 of billions spent by SA getting at the last drops). It's all about net-energy losses in the energy producing system. Money, wealth, technology thrown away down the drill hole.

[Yoshua]

"In 2014, primary energy production for Saudi Arabia was 27.59 quadrillion btu. Though Saudi Arabia primary energy production fluctuated substantially in recent years, it tended to increase through 1995 - 2014 period ending at 27.59 quadrillion btu in 2014."

https://knoema.com/atlas/Saudi-Arabia/P ... production

"In 2014, primary energy consumption for Saudi Arabia was 10.21 quadrillion btu. Between 1995 and 2014, primary energy consumption of Saudi Arabia grew substantially from 3.83 to 10.21 quadrillion btu rising at an increasing annual rate that reached a maximum of 10.82 % in 2000 and then decreased to 4.28 % in 2014."

https://knoema.com/atlas/Saudi-Arabia/P ... onsumption

For some reason the energy consumption in Saudi Arabia is increasing at very high rates.

[shortonoil]

$this->bbcode_second_pass_quote('', 'T')here are of course doomers here that would argue that the planet can not support 7.5 billion people regardless of what transition we make to alternative power sources -----

[Yoshua]

Kashagan's cost of $50 billion equals 1 billion barrels of crude. As long as cost isn't a problem, then Kashagan is a nice cash hole...

[rockdoc123]

$this->bbcode_second_pass_quote('', 'T')he price of oil is more than the economy can afford; at least 99% of it can't.

[rockdoc123]

$this->bbcode_second_pass_quote('', '1') billion barrels that doesn't reach the productive consumer society. One billion barrels that should have been spent on hospitals, education etc. etc. * We count the oil produced as if it were oil used. It is not used, not for money, capitalistic or social gain. It is used to get more oil. Does anyone understand this yet? Or am I swimming in a sea of idiots **

[shortonoil]

$this->bbcode_second_pass_quote('', 'S')audi Arabias nat gas production and consumption has doubled since 2000 and count for 40% of Saudi primary energy consumption.

[kublikhan]

$this->bbcode_second_pass_quote('pstarr', 'I')n recent weeks, word has dribbled out that Kashagan—one of the largest supergiant oil finds of the last half-century—may lie dormant through the summer (paywall) and perhaps longer. But this is the first concrete report that the gravity of the problem means that Kashagan will produce no oil through at least 2016 and possibly 2017.

[Yoshua]

"Unconventional gas will help meet Saudi Arabia’s own energy demand, and is the preferred fuel for power generation and water desalination because of its increased efficiency and cleaner burning qualities compared to other fossil fuels.
The resulting increase in the total gas share of the Kingdom’s energy mix will expand the volumes of higher value diesel and crude oil available for export."

http://www.jobsataramco.eu/people-proje ... as-program

Saudi Arabia has an energy problem since they are going down the tight gas hole to meet their energy demand.

[Cog]

Uh building nuclear reactors to produce electricity and saving your oil/gas for export makes a lot of sense in my book if your major export is oil/gas.

[onlooker]

$this->bbcode_second_pass_quote('Cog', 'U')h building nuclear reactors to produce electricity and saving your oil/gas for export makes a lot of sense in my book if your major export is oil/gas.

[shortonoil]

$this->bbcode_second_pass_quote('', 'S')audi Arabia has an energy problem since they are going down the tight gas hole to meet their energy demand.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'C')hesapeake has probably never turned a dime on its shale gas. Its debt just keep growing year after year

[Yoshua]

Kuwait is receiving help from BP to give its giant Burgan oil field new life through EOR. Kuwait is also developing its Northern field which contains heavy oil. Kuwait's nat gas consumption has doubled since 2000 to 20bcm while its production has peaked and is now down at 15bcm, the difference comes from LNG imports.

Kuwait claimed it self to be the No.1 low cost producer in the world with 100Gbbl of crude reserves. Well...it sounds as if they might have exaggerated their greatness a little bit.

[Yoshua]

This tread is called Economics vs. Etp. But if the energy isn't there, the economy won't be there either.

"Kuwait, which hosted the 38th summit of the Gulf states last week amid the ongoing Qatari crisis, cannot keep overlooking the serious economic challenges at home. Facts surrounding its public finance partly explain the need for immediate economic reforms.

Projected expenditure and revenues for fiscal year 2017-18 amount to $65.2 billion and $43.6 billion, respectively, and which would impose a sizeable deficit of $21.6 billion. (Kuwait runs its financial year from April to March, the only one to do so with within the GCC.) Chances are the final results would tilt towards the government’s advantage, as the budget was prepared using an average oil price of $45 per barrel, clearly below prevailing prices. Oil prices are hovering around $55 thanks to moves by Opec members as well as Russia to curtail output."

But, sure, fair enough, Kuwaitis enjoys socialism that Venezuelans only can dream about.