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quote:
Originally posted by Lucas:
Exposed is the myth of Saudi spare capacity. There is none. Saudi reserves are falling at a rate of 3% a year (it's exporting 11.8 million barrels a day, and falling). Moreover, the House of Saud does not want to pump more oil; it needs high oil prices to bribe its own population out of noxious Arab Spring ideas.


If they run out of oil the US can always re-locate many millions of its citizens to Mojave Desert.
Billy Ram Balgobin
quote:
Originally posted by Billy Ram Balgobin:
quote:
Originally posted by Lucas:
Exposed is the myth of Saudi spare capacity. There is none. Saudi reserves are falling at a rate of 3% a year (it's exporting 11.8 million barrels a day, and falling). Moreover, the House of Saud does not want to pump more oil; it needs high oil prices to bribe its own population out of noxious Arab Spring ideas.


If they run out of oil the US can always re-locate many millions of its citizens to Mojave Desert.


You mean in coffins, don't you?
FM

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