saudi arabia minister said that there is 7,000,000,000,000 barrel of oil around the world?
FROM THE CURRENT SURVEY THERE IS ABOUT 1,000,000,000,000 BARREL OF OIL IN OIL PRODUCING NATIONS.
WHEN YOU COMPARE 7,000,000,000,000 AND 1,00,000,000,000 THEN THERE IS A GAP OF 6,000,000,000,000 BARREL OFF OIL ?
WHERE IS THIS 6 TRILLION BARREL OF OIL LOCATED?
OILMEN ARE PULLING HAIRS TO FIND THE LOCATION.
DO YOU KNOW WHERE IT IS LOCATED?
THE WISE GUY WHO FIND IT WILL BE A BILLIONAIRE OVERNIGHT.
LET US DO SOME RESEARCH?
WHERE DO YOU FIND OIL ON YOUR BODY?
WE NORMALLY PUT OIL ON OUR HEAD.
THIS IS TO KEEP OUR HAIR DISCIPLINE OR IT BECOME RAWDY PIPER PIT FROM SCOTLAND.
WHEN YOU TALK ABOUT WORLD MAP YOU WILL DISCOVERED THAT NORTH POLE IS THE HEAD OF THE GLOBE.
HENCE, THOSE 6,000,000,000,000 BARREL OF OIL COULD BE IN NORTH POLE.
THIS IS A WILD GUEST.
BUT ANYWAY WAY IF THERE IS SMOKE THEN THERE IS FIRE?
USING THIS AS A GUIDELINE WE CAN DISCOVER WHERE OIL IS HIDING FROM US.
IF THERE IS OIL THEN THERE IS WATER.
OIL NORMALLY FLOAT ON WATER.
UNDERGROUND HEAT CANNOT ESCAPE BECAUSE IT IS COVERED WITH OIL ABOVE THE WATER.
HENCE, HOTSPRINT TAKE PLACE.
ANOTHER CLUE IS FROM THE BIBLE?
The book examines the map of the tribes of Israel, to discover the location of the oil. While Genesis talks about the "blessings of the deep" for the sons of Joseph or the tribes of Manasseh and Ephraim, another scripture in Deuteronomy says the tribe of Asher will "... dip his foot in oil."
20. "Asher's produce is rich, and he shall furnish dainties for kings.
ONCE UPON A TIME, ASHER TRIBE LIVE IN WESTASIA.
THIS MEAN IF WE PROGRESS TOWARD EASTASIA THEN INDIA HAS ALL THE 6 TRILLION BARREL OF OIL BURRIED UNDER ITS LAND.
BY USING THE STARS IN THE UNIVERSE WE COULD DISCOVERED IT PRECISED LOCATED.
ON A SECOND THOUGHT IT COULD BE IN THE INDIAN OCEAN.
IF THAT IS THE CASE THEN THE AMERICAN MILITARY BASE IN DIAGO GACIA IS WORTH TRILLIONS OF DOLLARS.
WE MUST REMEMBER THAT THE 10 LOST TRIBES OF ISRAEL ACTUALLY LIVE IN NORTHERN INDIA.
THIS MEAN ASHER TRIBE LIVE IN NORTHERN INDIA.
MY RESEARACH SOME YEARS AGO PROVE A POINT THAT ASHER TRIBE ACTUALLY LIVE IN MAHARASHTRA A STATE OF INDIA.
BOMBAY IS THE CAPITAL OF MAHARASHTRAS.
THE NEW NAME FOR BOMBAY IS MUMBAI.
ANYWAY, EZIKIEL WHEEL OF GOD WITH HUMAN FACE NORMALLY VISIT BOMBAY BY FAITH.
IT IS A MYSTERY THAT INDIAN NATIONAL FLAG CARRY A PICTURE OF A WHEEL?
IN MORDEN TERM IT MEAN THAT TRANSPORT NEED OIL.
THERE COULD BE 6,000,000,000,000 BARREL OF OIL BURRIED IN BOMBAY, MAHARASHTRAS, INDIA.
THIS 6 TRILLION BARREL OIL IS ENOUGHT FOR 1,000 YEARS OF PEACE.
WHAT GLITTER LIKE GOLD...THE 1,2000,000,000 INDIANS OF SOUTH ASIA.
INDIAN WOMEN LOVE TO WEAR GOLD OVER THEIR BODIES?
THERE ARE ABOUT 240,000,000 TO 360,000,000 ASSYRIAN JEWS LIVING IN INDIA.
THEY ALL EAT UNLEAVENED BREAD WITHOUT YEAST.
IN THE SAME WAY SIRIUS THE STAR WARN EGYPTIAN THE FLOODING OF THE NILE WITH PRECISE MONTH OF THE YEAR.
OVER TO YOU ROGER...10-4 OUT.
MR. ROBIN DONALD
DATE; 6TH, JULY, 2008.
Saudi minister says oil customers satisfied
Thursday July 3, 3:32 pm ET
By George Jahn, Associated Press Writer
Saudi oil minister suggests no new production hikes planned soon despite price rise
MADRID, Spain (AP) -- As supply fears helped set a new price record, Saudi Arabia's oil minister said Thursday that OPEC's dominant producer had no immediate plans to boost crude output because there was no need to do so.
But Minister Ali Naimi said he was "concerned about the (price) level" and suggested Saudi Arabia is ready to raise production if the kingdom perceives that basics have changed, with supply no longer meeting demand.
For now, "all our buyers are satisfied and happy," he told reporters on the fringes of the 19th World Petroleum Congress and against a backdrop of soaring oil prices that hit a trading record above $145 a barrel.
He suggested his country was ready to put more oil on the market "if there is a buyer."
About 20 energy ministers, CEOs of national and international oil companies and other industry leaders are among the more than 3,000 delegates attending the congress, which debated ways of cooling the volatility of energy markets.
In the past, production increases have been effective in driving prices down, but the buoyancy of the present market appears to be defying conventional control mechanisms.
A recent Saudi pledge to add 200,000 barrels per day as of July to a 300,000 barrel-per-day production increase announced in May did not dent prices, which have continued to spike to new records with increasing frequency.
In global electronic trading Thursday, benchmark crude futures for August delivery touched $145.85 a barrel, a trading record. They settled at a closing record $145.29 on the New York Mercantile Exchange.
Concern over an unexpectedly large fall in crude stocks in the U.S. -- the world's largest oil consumer -- appeared to be part of the mix driving prices.
The U.S. Energy Department's Energy Information Administration said Wednesday that oil supplies fell by 2 million barrels last week, or about 800,000 barrels more than analysts surveyed by the energy research firm Platts had predicted.
The development appears to add support to arguments from the U.S. and other major consumers that the market is undersupplied -- something the Saudis and OPEC as a whole deny.
U.S. Treasury Secretary Henry Paulson restated Washington's view Thursday, telling reporters in London: "There are questions in the short term about the ability to meet the demand." Soaring oil prices risk prolonging the world economic slowdown, he said, adding he saw no "quick fixes" for cooling the crude market.
But Naimi cautioned against attaching undue importance to the EIA's weekly snapshot.
"Don't take one week's number and use it as a guideline," he said, adding that crude stocks rose by 20 million barrels last month in the 30 industrialized countries in the Organization for Economic Cooperation and Development. "Whatever we are seeing in the international oil market is driven by many factors, the least of which is the concern over the immediate supply."
Instead, he listed increased institutional investment, the weak dollar, Middle East tensions, concerns about natural catastrophes and "the fear the world is running out of fossil fuels" as boosting prices.
"When you combine all of these and try to figure what the price will do, it will be a difficult task for anybody," he said.
Later, addressing the closing plenary of the conference, Naimi acknowledged that out-of-control prices are "creating a crisis of confidence about our energy future." But he downplayed fears they are a sign that the oil era will end soon with no replacement in sight.
"There is plenty of recoverable oil left in the ground, perhaps as many as 5 to 7 trillion barrels," he said. "Significant quantities of oil remain undiscovered ... the petroleum industry will find this oil and produce it."
Associated Press writer David Stringer contributed to this report from London.
- Marc ClaudeLv 51 decade agoFavorite Answer
That's quite a question!
Anyway, the remaining oil is in non-high volume wells, deep ocean deposits, and in tar/oil sands. These areas are high cost places to get oil from.
For example there is oil here in minnesota, but any well you could drill would produce so little that it wouldn't cover the cost of the operation and investment. As oil prices climb more and more areas are becoming economically viable, perhaps someday oil drilling in Minnesota could be a reality.
What we are running out of is cheap oil, gone are the days of sticking a pipe in the ground and having oil spurt out the top while some cowboy whoops and hollers. Oil drilling in the future will be a slow expensive process.
- Mark CLv 71 decade ago
I believe this is the longest question ever. The answer is yes.
- Anonymous1 decade ago
Well, he knows where it is. but he doesnt know the exact location is... so do i