Usa buys more oil From? Go on guess
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Are we up to France or Russia's level yet?
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You know, some things are beginning to click. According to the article, Iraq as 112 billion barrels proven, + 100 billion unproven, and is the second largest proven reserve (Russia I guess is the first, or some other Arab state???). Generously, that makes 212 billion barrels. At a US consumption rate of 20 million barrels, plus let's assume another 20 million for the rest of the world (I'm totally guessing here), that means the Iraqi oil fields can sustain 212,000 million barrels ------- 40 million barrels per day or 5,300 days = 14 years. No wonder he wants to promote hydrogen power. Our oil reserves are heading for a major crisis. And no wonder he wants to secure Iraq. He wants the oil for the US. And he certainly doesn't want Russia to become a superpower being the only remaining area in the whole world with undeveloped oil fields. Even if my numbers are wrong, I suspect we're going to see a lot of changes in the political/energy landscape in the next 50 years. Marc Help! I'm an AI running around in someone's f*cked up universe simulator.
Sensitivity and ethnic diversity means celebrating difference, not hiding from it. - Christian Graus
Every line of code is a liability - Taka Muraoka -
[ignore this, I misread some of my other stats...] Tim Smith I'm going to patent thought. I have yet to see any prior art.
Tim Smith wrote: A British billion is a million X million. Really? In Canada, where we still have a Queen, a billion is a one thousand million. Regardless, his estimates are way off if the figures you quoted are correct. J
May the bear never have cause to eat you.
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Good article because it points out some very important points. Too bad it leaves out a lot of important information. 1. The countries who are against war are the ones who are already getting oil from Iraq. When they say "No war for oil", they mean exactly what they say. What did Russia give Iraq to get those 3 oil contracts just last week? 2. One point the article didn't mention (that is saw trying to dig through some of the strained logic), is that if the U.K. and U.S. were so interested in getting oil from Iraq, the easiest way is to move to remove the U.N. sanctions. Even if Iraq refuses to sell oil directly to the US/UK, it would still drop the price of oil to the US/UK for the exact same reasons the article pointed out. 3. One thing the article didn't point out is that oil companies from all over the world have been secretly talking about the disposition of the oil fields. Other countries have been keeping this very quiet to avoid the political fallout which in many cases, they are the ones directly involved in generating. 4. (EDIT) http://www.guardian.co.uk/oil/story/0,11319,777784,00.html[^] If you look at this article it points out that prior to the "war talk" we were already getting the lion's share of Iraqi oil. Using the author's logic, we were doing Europe a favor with the war talk since it made so much more oil available to poor old Europe. However, what the article also fails to mention is that at least as of Aug 2002, the European countries hadn't been purchasing any of that extra oil since Iraq's overall exports had been cut about in half. 5. The amount of oil we import from Iraq. (EDIT: I really goofed this up bad) http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/petroleum_supply_monthly/current/txt/psmr.txt[^] November 2002: Total Crude imports: 286,836 tb (thousand barrels) Iraq: 11,413 tb (which is around 350tbd or 3-4% of imports) Canada: 44,543 tb (See the report for other numbers. About 4 countries are at the 44k level.) Here are some very nice numbers for many places.
Tim Smith wrote: October 2002 1. Canada 2,073mbd (million barrels per day) 2. Saudi Arabia 1,690mbd 3. Venezuela 1,616mbd 4. Mexico 1,577mbd 5. United Kingdom 591mbd 6. Nigeria 574mbd 7. Norway 318mbd 8. Russia 287mbd 9. Angola 258mbd 10. Algeria 239mbd 11. Other 2,522mbd Not that I don't believe you, but where did you find these numbers. If my addition is correct, that's over 11 billion barrels per day, and that's a hell of a lot. To follow up on the math posted above, 210 billion barrels is only 19 days-worth of oil. Which doesn't sound right. Again, I'm not accusing you of making this up. I'm just curious to see the source of those numbers. J
May the bear never have cause to eat you.
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Tim Smith wrote: A British billion is a million X million. Really? In Canada, where we still have a Queen, a billion is a one thousand million. Regardless, his estimates are way off if the figures you quoted are correct. J
May the bear never have cause to eat you.
I added my source to my message (silly me not having it before). http://api-ec.api.org/media/index.cfm?objectid=2D4B1FD8-5520-42EF-BBE7500E86499E98&method=display_body&er=1&bitmask=001007000000000000[^] Tim Smith I'm going to patent thought. I have yet to see any prior art.
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Tim Smith wrote: October 2002 1. Canada 2,073mbd (million barrels per day) 2. Saudi Arabia 1,690mbd 3. Venezuela 1,616mbd 4. Mexico 1,577mbd 5. United Kingdom 591mbd 6. Nigeria 574mbd 7. Norway 318mbd 8. Russia 287mbd 9. Angola 258mbd 10. Algeria 239mbd 11. Other 2,522mbd Not that I don't believe you, but where did you find these numbers. If my addition is correct, that's over 11 billion barrels per day, and that's a hell of a lot. To follow up on the math posted above, 210 billion barrels is only 19 days-worth of oil. Which doesn't sound right. Again, I'm not accusing you of making this up. I'm just curious to see the source of those numbers. J
May the bear never have cause to eat you.
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I added my source. And yes, the numbers looked strange to me too so I verified that yes, it was 11bbd. That is a HELL of a lot of oil. Tim Smith I'm going to patent thought. I have yet to see any prior art.
1. U.S. petroleum imports (crude & products) in November were 11,661,000 barrels per day (b/d); imports in the same month last year were 11,611,000 (b/d). (API). That's 11 million barrels per day. *phew* Further on down the other source you mentioned, it says 8-9 million barrels per day go to automobile fuel. That's roughly 80% and that sounds about right to me, being the oil-non-magnate that I am... J
May the bear never have cause to eat you.
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1. U.S. petroleum imports (crude & products) in November were 11,661,000 barrels per day (b/d); imports in the same month last year were 11,611,000 (b/d). (API). That's 11 million barrels per day. *phew* Further on down the other source you mentioned, it says 8-9 million barrels per day go to automobile fuel. That's roughly 80% and that sounds about right to me, being the oil-non-magnate that I am... J
May the bear never have cause to eat you.
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Yeah, I am working on new numbers. I totally F'ed that up. LOL... :laugh: Tim Smith I'm going to patent thought. I have yet to see any prior art.
Tim Smith wrote: Yeah, I am working on new numbers. I totally F'ed that up. :laugh: See if you can make some up with 7s in them. I like 7s. J
May the bear never have cause to eat you.
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[ignore this, I misread some of my other stats...] Tim Smith I'm going to patent thought. I have yet to see any prior art.
Can't wait to see what my email says, but it seems that the automated CP email server is not sending out emails. Argh. Marc Help! I'm an AI running around in someone's f*cked up universe simulator.
Sensitivity and ethnic diversity means celebrating difference, not hiding from it. - Christian Graus
Every line of code is a liability - Taka Muraoka -
Tim Smith wrote: Yeah, I am working on new numbers. I totally F'ed that up. :laugh: See if you can make some up with 7s in them. I like 7s. J
May the bear never have cause to eat you.
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Can't wait to see what my email says, but it seems that the automated CP email server is not sending out emails. Argh. Marc Help! I'm an AI running around in someone's f*cked up universe simulator.
Sensitivity and ethnic diversity means celebrating difference, not hiding from it. - Christian Graus
Every line of code is a liability - Taka MuraokaI just said that a british billion is 1m * 1m. The reason I thought UK report was in british billions is because my numbers from government reporting agency didn't match up anywhere close. Turns out I misread the heading. Silly me. I wasn't flaming you. Tim Smith I'm going to patent thought. I have yet to see any prior art.
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1. U.S. petroleum imports (crude & products) in November were 11,661,000 barrels per day (b/d); imports in the same month last year were 11,611,000 (b/d). (API). That's 11 million barrels per day. *phew* Further on down the other source you mentioned, it says 8-9 million barrels per day go to automobile fuel. That's roughly 80% and that sounds about right to me, being the oil-non-magnate that I am... J
May the bear never have cause to eat you.
Well, I was... But it wasn't my fault. Here is my first link again: http://api-ec.api.org/media/index.cfm?objectid=2D4B1FD8-5520-42EF-BBE7500E86499E98&method=display_body&er=1&bitmask=001007000000000000[^] Check the last two tables down at the bottom. This is where I got my numbers. The heading says (MB/D) instead of (TB/D). I knew I wasn't going crazy!!! :laugh: Tim Smith I'm going to patent thought. I have yet to see any prior art.
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You know, some things are beginning to click. According to the article, Iraq as 112 billion barrels proven, + 100 billion unproven, and is the second largest proven reserve (Russia I guess is the first, or some other Arab state???). Generously, that makes 212 billion barrels. At a US consumption rate of 20 million barrels, plus let's assume another 20 million for the rest of the world (I'm totally guessing here), that means the Iraqi oil fields can sustain 212,000 million barrels ------- 40 million barrels per day or 5,300 days = 14 years. No wonder he wants to promote hydrogen power. Our oil reserves are heading for a major crisis. And no wonder he wants to secure Iraq. He wants the oil for the US. And he certainly doesn't want Russia to become a superpower being the only remaining area in the whole world with undeveloped oil fields. Even if my numbers are wrong, I suspect we're going to see a lot of changes in the political/energy landscape in the next 50 years. Marc Help! I'm an AI running around in someone's f*cked up universe simulator.
Sensitivity and ethnic diversity means celebrating difference, not hiding from it. - Christian Graus
Every line of code is a liability - Taka MuraokaI don't know where the article gets these figures, but after comparision with OPEC's official report, They seem rather suspect. OPEC's 2001 figures 2001 annual statistical bulletin (latest available...) Proven reserves million barrels: Iraq 112,500 Saudi Arabia 262,967 Latin America 123,896 Eastern Europe 60,370 Total World 1,107,850 Crude Imports 1000 b/d (note:1000, NOT million) USA 9,223 Western Europe 11,552 France 1,713 Germany 2,123 Total World 38,113 so, at 2001 rates, the world supply will be exhausted in 29,067 days, or 79 years. Not 14 years, but still imminent enough for concern. :~ Some ideas are so stupid that only an intellectual could have thought of them - George Orwell
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You know, some things are beginning to click. According to the article, Iraq as 112 billion barrels proven, + 100 billion unproven, and is the second largest proven reserve (Russia I guess is the first, or some other Arab state???). Generously, that makes 212 billion barrels. At a US consumption rate of 20 million barrels, plus let's assume another 20 million for the rest of the world (I'm totally guessing here), that means the Iraqi oil fields can sustain 212,000 million barrels ------- 40 million barrels per day or 5,300 days = 14 years. No wonder he wants to promote hydrogen power. Our oil reserves are heading for a major crisis. And no wonder he wants to secure Iraq. He wants the oil for the US. And he certainly doesn't want Russia to become a superpower being the only remaining area in the whole world with undeveloped oil fields. Even if my numbers are wrong, I suspect we're going to see a lot of changes in the political/energy landscape in the next 50 years. Marc Help! I'm an AI running around in someone's f*cked up universe simulator.
Sensitivity and ethnic diversity means celebrating difference, not hiding from it. - Christian Graus
Every line of code is a liability - Taka MuraokaMarc Clifton wrote: and is the second largest proven reserve (Russia I guess is the first, or some other Arab state???). I believe the first is Serbia, I'm not positive though "We will thrive in the new environment, leaping across space and time, everywhere and nowhere, like air or radiation, redundant, self-replicating, and always evolving." -unspecified individual
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Marc Clifton wrote: and is the second largest proven reserve (Russia I guess is the first, or some other Arab state???). I believe the first is Serbia, I'm not positive though "We will thrive in the new environment, leaping across space and time, everywhere and nowhere, like air or radiation, redundant, self-replicating, and always evolving." -unspecified individual
Saudi Arabia has the largest. See my post above for the official OPEC numbers. Iran, Kuwait & UAE are all close thirds: each has 96,500+ Some ideas are so stupid that only an intellectual could have thought of them - George Orwell
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I don't know where the article gets these figures, but after comparision with OPEC's official report, They seem rather suspect. OPEC's 2001 figures 2001 annual statistical bulletin (latest available...) Proven reserves million barrels: Iraq 112,500 Saudi Arabia 262,967 Latin America 123,896 Eastern Europe 60,370 Total World 1,107,850 Crude Imports 1000 b/d (note:1000, NOT million) USA 9,223 Western Europe 11,552 France 1,713 Germany 2,123 Total World 38,113 so, at 2001 rates, the world supply will be exhausted in 29,067 days, or 79 years. Not 14 years, but still imminent enough for concern. :~ Some ideas are so stupid that only an intellectual could have thought of them - George Orwell
All his numbers are based on the assumption that the entire world gets all its oil from Iraq. Based on that assumption, the world would exhaust oil supplies in 14 years. I have no idea why he makes the assumption that the entire world would need to use ONLY Iraqi oil. ------------------------------------------ "Isn't it funny how people say they'll never grow up to be their parents, then one day they look in the mirror and they're moving aircraft carriers into the Gulf region?" - The Onion
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Well, I was... But it wasn't my fault. Here is my first link again: http://api-ec.api.org/media/index.cfm?objectid=2D4B1FD8-5520-42EF-BBE7500E86499E98&method=display_body&er=1&bitmask=001007000000000000[^] Check the last two tables down at the bottom. This is where I got my numbers. The heading says (MB/D) instead of (TB/D). I knew I wasn't going crazy!!! :laugh: Tim Smith I'm going to patent thought. I have yet to see any prior art.
They are appearantly using M as an abbreviation for 1000. Check the spelled out numbers in the earlier paragraphs. (i seem to remember som idiotic industries used M for 1000 , but thought this had gone the way of the DoDo. Guess not.) Some ideas are so stupid that only an intellectual could have thought of them - George Orwell
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All his numbers are based on the assumption that the entire world gets all its oil from Iraq. Based on that assumption, the world would exhaust oil supplies in 14 years. I have no idea why he makes the assumption that the entire world would need to use ONLY Iraqi oil. ------------------------------------------ "Isn't it funny how people say they'll never grow up to be their parents, then one day they look in the mirror and they're moving aircraft carriers into the Gulf region?" - The Onion
No, he did say he assumed Iraq was 1/2 the total, which was a bad assumption. As was the assumption that the US represents 50% of the world total consumption - closer to right, but still a bit high. Some ideas are so stupid that only an intellectual could have thought of them - George Orwell
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You know, some things are beginning to click. According to the article, Iraq as 112 billion barrels proven, + 100 billion unproven, and is the second largest proven reserve (Russia I guess is the first, or some other Arab state???). Generously, that makes 212 billion barrels. At a US consumption rate of 20 million barrels, plus let's assume another 20 million for the rest of the world (I'm totally guessing here), that means the Iraqi oil fields can sustain 212,000 million barrels ------- 40 million barrels per day or 5,300 days = 14 years. No wonder he wants to promote hydrogen power. Our oil reserves are heading for a major crisis. And no wonder he wants to secure Iraq. He wants the oil for the US. And he certainly doesn't want Russia to become a superpower being the only remaining area in the whole world with undeveloped oil fields. Even if my numbers are wrong, I suspect we're going to see a lot of changes in the political/energy landscape in the next 50 years. Marc Help! I'm an AI running around in someone's f*cked up universe simulator.
Sensitivity and ethnic diversity means celebrating difference, not hiding from it. - Christian Graus
Every line of code is a liability - Taka MuraokaBased on current pumping rates, how many years until known oil reserves are exhausted?
Iraq 128.98
Kuwait 127.70
United Arab Emirates 114.81
Saudi Arabia 85.13
Iran 67.25
Azerbaijan 67.02
Venezuela 63.58
Qatar 55.57
Other S. & Cent. America 41.21
Nigeria 30.41
Kazakhstan 27.71
Cameroon 24.69
Italy 24.42
Yemen 23.08
Mexico 21.52
Brunei 21.05
Gabon 19.97
Angola 19.44
Russian Federation 19.25
Algeria 18.25
Brazil 18.09
Other Former Soviet Union 16.05
Romania 16.01
Trinidad & Tobago 15.34
Other Asia Pacific 15.13
Oman 14.77
Republic of Congo (Brazzaville) 14.34
Ecuador 14.18
Thailand 14.17
Uzbekistan 13.77
Australia 12.56
Turkmenistan 12.47
Denmark 11.81
Malaysia 11.40
Syria 10.99
Egypt 10.72
USA 10.52
Indonesia 10.21
Argentina 9.85
Norway 8.02
Colombia 6.44
Canada 6.20
United Kingdom 5.94
Vietnam 5.85http://www.networkideas.org/news/sep02/news24_USA_Iraq_Conflict_Oil.htm[^] At a US consumption rate of 20 million barrels, plus let's assume another 20 million for the rest of the world (I'm totally guessing here) The USA consumes about 895.6 million tonnes of oil, which is about 25.5 per cent of global oil consumption. I believe China was set to surpass the US as the world's largest oil consumer. I'm not sure if that has happened, yet, but if it hasn't already, it will occur within the next couple of years. Saudi Arabia has the largest amount of oil reserves (260 billion barrels). While Iraq does have the second largest (112 billion), there are a lot of close-runners for the second through fifth positions. Iraq only makes up about 10% of the world's known oil reserves. Proven oil reserves - the top five states: Saudi Arabia 262,784 Iraq 112,500 United Arab Emirates 97,800