Petroleum Economics and the Middle East (9 Viewers)

OP
Bjerknes

Bjerknes

"Top Economist"
Thread Starter #121
Mar 16, 2004
116,146
  • Thread Starter
    • Thread Starter #121
    Ohh shit, NYMEX Crude breaking that 140 mark right now and going higher. It went up to 143 and then ticked back down to 141 within a matter of minutes.

    That's gonna scare people long in equities right now.
     

    Buy on AliExpress.com
    Nenz

    Nenz

    Senior Member
    #124
    Apr 17, 2008
    10,472
    #124
    i don't really see whats stopping our leaders from investing in biofuel or something like that. My friend has a car that works on bio fuel and its steal as fast as a normal car and its a bigillion times cheaper...
    fuel is $1.70(AUS) a litre over here :| its like $90 to fill up
     
    Maher

    Maher

    Juventuz addict
    #127
    Dec 16, 2002
    13,521
    #127
    anyone heard about the bicycle sharing which is happening now in some cities, i saw a report on ABC it seems a good way to decrease spending on your car gas. another thing i saw is that in the US they will use another crop (used for animals) other than corn which make no effect of food prices
     
    OP
    Bjerknes

    Bjerknes

    "Top Economist"
    Thread Starter #137
    Mar 16, 2004
    116,146
  • Thread Starter
    • Thread Starter #137
    Surprise surprise.

    Iraq Oil to be Shipped to Israel

    By Amiram Cohen (Haartez) & Editorial comment
    Apr 14, 2008, 23:44



    U.S. checking possibility of pumping oil from northern Iraq to Haifa, via Jordan
    By Amiram Cohen

    The United States has asked Israel to check the possibility of pumping oil from Iraq to the oil refineries in Haifa. The request came in a telegram last week from a senior Pentagon official to a top Foreign Ministry official in Jerusalem.

    The Prime Minister's Office, which views the pipeline to Haifa as a "bonus" the U.S. could give to Israel in return for its unequivocal support for the American-led campaign in Iraq, had asked the Americans for the official telegram.

    The new pipeline would take oil from the Kirkuk area, where some 40 percent of Iraqi oil is produced, and transport it via Mosul, and then across Jordan to Israel. The U.S. telegram included a request for a cost estimate for repairing the Mosul-Haifa pipeline that was in use prior to 1948. During the War of Independence, the Iraqis stopped the flow of oil to Haifa and the pipeline fell into disrepair over the years.

    The National Infrastructure Ministry has recently conducted research indicating that construction of a 42-inch diameter pipeline between Kirkuk and Haifa would cost about $400,000 per kilometer. The old Mosul-Haifa pipeline was only 8 inches in diameter.

    National Infrastructure Minister Yosef Paritzky said yesterday that the port of Haifa is an attractive destination for Iraqi oil and that he plans to discuss this matter with the U.S. secretary of energy during his planned visit to Washington next month. Paritzky added that the plan depends on Jordan's consent and that Jordan would receive a transit fee for allowing the oil to piped through its territory. The minister noted, however, that "due to pan-Arab concerns, it will be hard for the Jordanians to agree to the flow of Iraqi oil via Jordan and Israel."

    Sources in Jerusalem confirmed yesterday that the Americans are looking into the possibility of laying a new pipeline via Jordan and Israel. (There is also a pipeline running via Syria that has not been used in some three decades.

    http://www.haaretz.com/hasen/pages/ShArt.jhtml?itemNo=332835&contrassID=...'
     
    OP
    Bjerknes

    Bjerknes

    "Top Economist"
    Thread Starter #138
    Mar 16, 2004
    116,146
  • Thread Starter
    • Thread Starter #138
    Chief Rabbi Metzger thanks Bush for intervening in Iraq

    M. Wagner -- Jerusalem Post 1/9/2008

    During a short verbal exchange Wednesday at the Ben Gurion Airport Terminal, Chief Ashkenazi Rabbi Yona Metzger thanked George Bush for the US's military intervention in Iraq.

    "I want to thank you for your support of Israel & in particular for Waging a War against Iraq," Metzger told Bush, according to the chief rabbi's spokesman.

    Bush answered that the words "warmed his heart".

    __________________

    :lol2: :lol: :lol2: :lol:

    Yeah, thanks for committing genocide and giving us all this oil. Heartwarming Rabbi that one.
     
    CORVETTE

    CORVETTE

    Malato di Juve , , 29
    #139
    Oct 13, 2005
    2,935
    #139
    Oh , petroleum thread !!

    I work as an operator on a GOSP plant (Gas & oil separation plant ) in Aramco .

    I will be working offshore starting from 2010 , thats gonna be hard and difficult for me :cry:

    and I'll miss my Californian supervisor :(
     
    Red

    Red

    -------
    Moderator
    #140
    Nov 26, 2006
    47,024
    #140
    Most folk that are based in Aberdeen and work off-shore get well paid and get a nice amount of time on-shore.

    There are worse ways to make a living.
     
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