GasBuddy Blog

GasBuddy News Article

votes

The Fading Arab Oil Empire

National Interest -- PRESIDENT OBAMA’S pivot to East Asia is well-timed. The geostrategic importance of the Middle East is vastly overblown. The region matters to the United States chiefly because of its influence in the world oil market, but that influence has been in terminal decline for a generation, a fact almost wholly unnoticed by outside observers. A confluence of developments—including rising prices and production costs, declining reserves, and the availability of alternate fuels and unconventional sources of oil—will decisively undermine the defining role of the Middle East in the global energy market. Meanwhile, the United States has vital interests at stake elsewhere in the world at least as pressing, if not more so, than its interests in the Middle East. These include thwarting the proliferation ..

Read the Full Article

Submitted Jun 29, 2012 By: BurntOrange

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: The Fading Arab Oil Empire	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

First

Next Last

FNB1967 Champion Author Ontario Posts:1,827 Points:765,145 Joined:Jan 2011	Message Posted: Jun 30, 2012 8:26:04 AM Ignore FNB1967 Report Abuse Old news
honda0105 Champion Author Tallahassee Posts:18,610 Points:1,608,545 Joined:Nov 2008	Message Posted: Jun 30, 2012 7:35:12 AM Ignore honda0105 Report Abuse may not have pure golden door handles on their 2 million dollar vehicles in 50 years at this rate...
tomok Champion Author Portland Posts:32,987 Points:2,344,535 Joined:Aug 2006	Message Posted: Jun 30, 2012 6:09:39 AM Ignore tomok Report Abuse With all of the oil and natural gas that has been 'discovered' all over the world, maybe the Arab Oil Empire is Fading - slightly. There is still more Arab oil to come, more countries with their own oil and more alternative fuels from plants, the bio mass and the waste stream. Renewable energy from Solar, Wind, Hydro.,Thermal, Tidal and Nuclear for EV's and plug in Inbreds. Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost. The price of fuel at the pump is too high! 12/22/2012!
divebomber Champion Author Nebraska Posts:6,073 Points:1,811,300 Joined:Jun 2007	Message Posted: Jun 30, 2012 12:09:05 AM Ignore divebomber Report Abuse WE'LL SEEEEEEEEEEEEEEE...................!
ManOfLeisureII Champion Author Philadelphia Posts:1,874 Points:454,150 Joined:Jan 2012	Message Posted: Jun 30, 2012 12:04:20 AM Ignore ManOfLeisureII Report Abuse Pivot...new term for flip/flop
jem069 Champion Author Detroit Posts:2,538 Points:687,080 Joined:Jan 2011	Message Posted: Jun 30, 2012 12:00:53 AM Ignore jem069 Report Abuse ok
radstoy Champion Author Pennsylvania Posts:16,459 Points:3,220,705 Joined:Feb 2003	Message Posted: Jun 29, 2012 11:59:53 PM Ignore radstoy Report Abuse don't believe him probably amre-election ploy
judgemobile Champion Author Ohio Posts:7,570 Points:2,445,135 Joined:Nov 2005	Message Posted: Jun 29, 2012 11:58:46 PM Ignore judgemobile Report Abuse all good things must come to an end...
nigelb Champion Author Virginia Posts:8,454 Points:1,390,780 Joined:Feb 2008	Message Posted: Jun 29, 2012 11:55:37 PM Ignore nigelb Report Abuse Oh, poor arabs! No Try eating your sand!
bginsj Champion Author San Jose Posts:1,868 Points:1,234,185 Joined:May 2009	Message Posted: Jun 29, 2012 11:54:35 PM Ignore bginsj Report Abuse can't always be on top
Dsin44 Champion Author Abbotsford Posts:1,272 Points:272,660 Joined:Apr 2011	Message Posted: Jun 29, 2012 11:48:03 PM Ignore Dsin44 Report Abuse ...bye
heydano67 Champion Author California Posts:1,666 Points:357,535 Joined:Feb 2012	Message Posted: Jun 29, 2012 11:47:08 PM Ignore heydano67 Report Abuse We'll have to see how this plays out.
mstearno Champion Author Dayton Posts:8,066 Points:1,731,235 Joined:Jan 2008	Message Posted: Jun 29, 2012 11:45:58 PM Ignore mstearno Report Abuse just trying to keep a world wide recession from occuring... when it's a little better we'll get jacked again
mrinmoyd Champion Author Illinois Posts:1,095 Points:364,525 Joined:Jun 2011	Message Posted: Jun 29, 2012 11:42:42 PM Ignore mrinmoyd Report Abuse ok
renbutler Champion Author Indianapolis Posts:1,150 Points:146,285 Joined:Dec 2004	Message Posted: Jun 29, 2012 11:42:21 PM Ignore renbutler Report Abuse "It's good to have a thinking President." Textbook definition of a non sequitur.
rickone All-Star Author Detroit Posts:545 Points:392,685 Joined:May 2004	Message Posted: Jun 29, 2012 11:40:06 PM Ignore rickone Report Abuse Interesting - Thanks for posting.
SparkieMi Champion Author Kalamazoo Posts:3,258 Points:588,175 Joined:Sep 2011	Message Posted: Jun 29, 2012 11:39:43 PM Ignore SparkieMi Report Abuse Time will tell....
blah2blah3 Champion Author Houston Posts:2,601 Points:599,895 Joined:May 2011	Message Posted: Jun 29, 2012 11:37:00 PM Ignore blah2blah3 Report Abuse ok
herndonks Champion Author Baltimore Posts:1,116 Points:211,685 Joined:Dec 2011	Message Posted: Jun 29, 2012 11:36:26 PM Ignore herndonks Report Abuse What they deserve
OKRifle Champion Author Oklahoma City Posts:10,397 Points:1,809,310 Joined:Oct 2007	Message Posted: Jun 29, 2012 11:30:50 PM Ignore OKRifle Report Abuse Screw those arrogant OPEC pompous manipulators! By By Canada's oil! What thinking president? Not Obumer!
themaninthehat Champion Author New Orleans Posts:1,824 Points:472,265 Joined:Feb 2011	Message Posted: Jun 29, 2012 11:28:58 PM Ignore themaninthehat Report Abuse It's good to have a thinking President.
stephen2155 Champion Author North Carolina Posts:3,019 Points:657,055 Joined:Jun 2011	Message Posted: Jun 29, 2012 11:24:15 PM Ignore stephen2155 Report Abuse Screw OPEC and flood the market with US/Canadian oil.
tippybuddy Champion Author Ontario Posts:1,523 Points:207,740 Joined:Feb 2011	Message Posted: Jun 29, 2012 11:23:59 PM Ignore tippybuddy Report Abuse ok
mcmonsta Champion Author Honolulu Posts:3,227 Points:817,795 Joined:Sep 2009	Message Posted: Jun 29, 2012 11:22:35 PM Ignore mcmonsta Report Abuse the more we develop our own sites and global oil resources the less dependent we will be on OPEC
Yankee829 Champion Author Dallas Posts:2,201 Points:558,615 Joined:Sep 2010	Message Posted: Jun 29, 2012 11:20:40 PM Ignore Yankee829 Report Abuse Ok
AnObserver Champion Author New Jersey Posts:8,354 Points:2,257,780 Joined:Sep 2005	Message Posted: Jun 29, 2012 11:18:35 PM Ignore AnObserver Report Abuse Arab influene diminishes as oil is found globally
Schnappi Rookie Author Atlanta Posts:71 Points:115,875 Joined:Feb 2011	Message Posted: Jun 29, 2012 11:16:36 PM Ignore Schnappi Report Abuse Its Time
kbrown72 Rookie Author Oklahoma Posts:96 Points:234,740 Joined:Jun 2012	Message Posted: Jun 29, 2012 11:16:03 PM Ignore kbrown72 Report Abuse I agree with abdcMA. LETS CREATE MORE JOBS!
CocoPaz Champion Author Santa Barbara Posts:2,370 Points:322,420 Joined:Jun 2012	Message Posted: Jun 29, 2012 11:15:54 PM Ignore CocoPaz Report Abuse I'm glad that the Middle East is declining it's influence in the world oil market, but I'm very nervous about the emergence of China's oil. I don't think that the Chinese government is going to be very pleasant to deal with in the future.
mugrb Champion Author Michigan Posts:5,038 Points:928,650 Joined:Sep 2007	Message Posted: Jun 29, 2012 11:13:05 PM Ignore mugrb Report Abuse Hmm...
bengem Rookie Author South Carolina Posts:44 Points:10,320 Joined:Jun 2012	Message Posted: Jun 29, 2012 11:06:31 PM Ignore bengem Report Abuse ok
abcdMA Champion Author Worcester Posts:7,922 Points:1,574,980 Joined:Nov 2008	Message Posted: Jun 29, 2012 11:05:51 PM Ignore abcdMA Report Abuse perhaps the pivot should be to creating jobs, not creating red tape
1Casey Champion Author Albany Posts:6,528 Points:1,791,785 Joined:Jun 2004	Message Posted: Jun 29, 2012 11:05:50 PM Ignore 1Casey Report Abuse ?
humblepie Champion Author Toledo Posts:34,191 Points:2,371,370 Joined:Mar 2006	Message Posted: Jun 29, 2012 11:05:05 PM Ignore humblepie Report Abuse dont believe it
LaVonneK Champion Author Iowa Posts:2,940 Points:625,775 Joined:Jul 2011	Message Posted: Jun 29, 2012 11:04:46 PM Ignore LaVonneK Report Abuse Oh.
weenerdog Champion Author Detroit Posts:9,456 Points:1,883,915 Joined:Jan 2008	Message Posted: Jun 29, 2012 11:03:02 PM Ignore weenerdog Report Abuse interesting
Dodge_Me Champion Author Atlanta Posts:2,214 Points:555,480 Joined:Mar 2006	Message Posted: Jun 29, 2012 11:03:01 PM Ignore Dodge_Me Report Abuse Obama may not have done that but at least he's jumping on the right opportunity.
Is246 Champion Author Albuquerque Posts:1,013 Points:426,715 Joined:Apr 2011	Message Posted: Jun 29, 2012 11:01:44 PM Ignore Is246 Report Abuse I like it .
ezone Champion Author Florida Posts:2,416 Points:946,135 Joined:Oct 2008	Message Posted: Jun 29, 2012 10:59:17 PM Ignore ezone Report Abuse Maybe they are becoming irrelevant, but they are still getting hundreds of millions of US dollars every year. Shame we don't have any domestic oil reserves . . . Oh, that's right, we do, don't we? NObama 2012.
bonzoonfmb Champion Author Florida Posts:1,782 Points:643,835 Joined:Feb 2010	Message Posted: Jun 29, 2012 10:59:05 PM Ignore bonzoonfmb Report Abuse They can fade into nothingness but that will only make the U.S. gas prices higher not lower.
GManCo Champion Author Colorado Springs Posts:4,991 Points:950,615 Joined:Sep 2010	Message Posted: Jun 29, 2012 10:57:53 PM Ignore GManCo Report Abuse Nothing Obozo has done!!
mitchell6597 Champion Author New Hampshire Posts:3,462 Points:728,360 Joined:Apr 2010	Message Posted: Jun 29, 2012 10:55:16 PM Ignore mitchell6597 Report Abuse How much will they really suffer? I mean really? Do you cut down by not buying the new Bentley?
Mustache_33 All-Star Author Toronto Posts:900 Points:181,455 Joined:May 2012	Message Posted: Jun 29, 2012 10:55:01 PM Ignore Mustache_33 Report Abuse hmm
theschmuck Champion Author Michigan Posts:2,917 Points:1,511,625 Joined:Mar 2007	Message Posted: Jun 29, 2012 10:50:55 PM Ignore theschmuck Report Abuse Quite an interesting article to read and discuss. Not enough room to do it hre. As one reader states' if we had enough of our own - blah blah', evidently he doesn't read too much. It was published several years ago that we have under our OWN land enough oil that is more than the middle east combined. The problem is we have leaders that like to kiss butt with the world and want to be 'big brothers'to them. None of them have cared about their own country. If we processed our own resources and quit shipping it all over the world, we wouldn't need OPEC or the others we buy from. We are supporting the economy of other countries and they will keep it that way because they are too lazy to work for themselves. Much like our own welfare system, many won't even look for jobs as long as they are getting money from the gov't every month. Leeches, I think!!!!!!!!!
tco9436 Champion Author Connecticut Posts:1,772 Points:721,425 Joined:Mar 2010	Message Posted: Jun 29, 2012 10:49:51 PM Ignore tco9436 Report Abuse great
nztyraider Champion Author Nevada Posts:2,273 Points:693,325 Joined:Apr 2009	Message Posted: Jun 29, 2012 10:47:52 PM Ignore nztyraider Report Abuse First their bad guys now their bad money.
AKmailman Champion Author Alaska Posts:5,628 Points:1,557,340 Joined:Jul 2004	Message Posted: Jun 29, 2012 10:44:38 PM Ignore AKmailman Report Abuse Looks like they'll be having a golden toilet fire sale
bevmill Champion Author Georgia Posts:2,577 Points:599,570 Joined:Apr 2006	Message Posted: Jun 29, 2012 10:44:19 PM Ignore bevmill Report Abuse ok
ProRogue Veteran Author Vancouver Posts:382 Points:1,085,990 Joined:Dec 2008	Message Posted: Jun 29, 2012 10:41:41 PM Ignore ProRogue Report Abuse I read it on the interwebs so it must be true.
trytogetby All-Star Author Cincinnati Posts:864 Points:214,000 Joined:Apr 2012	Message Posted: Jun 29, 2012 10:41:39 PM Ignore trytogetby Report Abuse OK