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Originally posted by Bagel
reply to post by MegaMind
I have seen your video.
Like the previous poster said, there are many factors involved, and not all countries will experience the growth that America had seen.
The math is clear, nice video. To assume that every person will require the same amount of oil over the coming years is not realistic.
You do realise that OPEC manipulates production to maintain the price of oil?
AND...Do you think that oil reached 150 dollars a barrel because of a shortage in production?
I say again, Iraq is not just some offshore oil reserve. 12 million barrels a day will make it the worlds largest producer.
Originally posted by NoJoker13
reply to post by MegaMind
Um it's pretty simple to find population growth... I mean google has it for Christ's sake.
Here: www.google.com...:USA&dl=en&hl=en&q=population+change
So now that we can clearly see the US population has dropped from 1960... what say you now?
Originally posted by NoJoker13
reply to post by MegaMind
Learn to think and read?
Well I'm sorry I took precent of change as percent of population dropping. But it does equal that we've had smaller growth in the last 50 years then we had previously. So everything you were talking about, such as population growth needing to be slowed etc. is already happening. At least in the USA.
Originally posted by Bagel
reply to post by bigyin
There is actually excess supply in the natural gas market at the moment. Qatar's North gas field (very big) has undergone a lot of development and is is producing in large quanitities.
Once Iraqi gas fields are developed, this will drive prices down even further.
If you are interested, take a look at the Shell LNG refinery in Qatar. I think it is the biggest in the world.
Originally posted by Bagel
reply to post by MegaMind
Ok...you might not realise just how much oil 12 million barrels per day is.
It is enough to cover both the Chinese and Indian present day requirements