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Originally posted by Seekerof
Current energy estimates by energy experts stipulate that Iran's oil extractions are already at or near peak levels, and within the coming next couple of decades will need alternative fuel sources. Thats alot of oil?
80% of Oil Reserves Unexplored
TEHRAN, Oct. 17--A senior parliamentarian said here on Sunday that Iran must speed up efforts to exploit joint hydrocarbon reserves, stressing that some 80 percent of the country's oilfields remains unexplored.
Kamal Daneshyar, head of the Majlis Energy Commission, told ISNA that downstream oil industries in Iran have not progressed adequately in recent years, adding that the country does not need foreign expertise in the upstream industries as much as it does in the downstream sector.
TEHRAN, Aug. 24--An oil industry official said here on Wednesday that the country has a huge potential to undertake new oil exploration projects, stressing that Azadegan and Yadavaran oilfields were discovered at a time when no one believed there would be such huge hydrocarbon reserves in the country.
17-11-05 Iran has discovered new oil reserves at an onshore oil field in the south-western province of Khuzestan, the Oil Ministry reported.
The discovery of an estimated 767 mm barrels of light, sweet crude lies in the Mansouri oil field, said Iran's acting oil minister, Kazem Vaziri Hamaneh.
Originally posted by Seekerof
Here is something else to consider: How much oil does the US import or buy from Iran?
Originally posted by proprog
none, but bear in mind, us will run out of oil by the end of 2010-11, and its oil supplys has to come from ME, passing through the iranian hormuz strait.
Originally posted by Seekerof
Originally posted by proprog
none, but bear in mind, us will run out of oil by the end of 2010-11, and its oil supplys has to come from ME, passing through the iranian hormuz strait.
How do you figure that, proprog?
You have failed to bear in the mind that the US has not tapped ANWAR or the enormous amounts of shale oil it has, nor has it maximized its offshore drilling. 2010-2011? Hardly, considering the above mentions.
Oil reserves have declined to the point that annual US oil consumption is now equivalent to about 1/4 of total proven reserves. This means that, if the USA had to supply its own oil, and no new discoveries occurred, its oil would be gone in four years! By importing over 60% of its oil, the inevitable is being postponed. But for how long can this continue?
www.oilcrisis.com...
Originally posted by Ulvetann
It is being said, and the technology to suck it out of the rocks is awaited. Question is when. Cheaper? I don't know. Propably. But then the prices of oil and gas will increase, because the oil being imported today is sold with a artificial low price anyway. There might actually be a good point in this, that makes a war cheaper for the interested parts of procuring more wealth on oil.
How is oil being sold at an artificially low price. The price per barrel far exceeds the price to produce it ? How is this ' artificially ' low ?