Should Muslim countries stop oil expo...
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PATRIOT

Carmel, ME

#134 Dec 2, 2012
sahil wrote:
<quoted text>
the west could progress only through middle east oil..
Wrong sand lizard!
PATRIOT

Carmel, ME

#135 Dec 2, 2012
sahil wrote:
<quoted text>
One study by a German military think tank warned of the potential for a dire global economic crisis in as little as 15 years due to a peak in demand and an irreversible decline in world oil supplies. The German military is not alone in its concern. The British government has also been studying the issue and a report from the U.S. military stated that surplus oil production capacity could end by 2012 and there could be serious shortages by 2015.
Bcs middel east oil has the power to control world economy..as well as progress of west..
Not here is Texas. We have been filling up old salt domes with crude oil for decades. We have some of the largest storage facilities in the world. Did your German report mention that?
Sahil

India

#136 Dec 2, 2012
PATRIOT wrote:
<quoted text>
Not here is Texas. We have been filling up old salt domes with crude oil for decades. We have some of the largest storage facilities in the world. Did your German report mention that?
SEE THIS REPORT THEN TALK...
As per the OPEC in Aug. 2012 Report Canada has only (2%0f Global reserves)Russia has (2.5%0f Global reserves)U.S.A. has (5%0f Global reserves)All Europian countrie except Russia have (7%0f Global reserves)

Saudi Arabia,Kuwait,Iraq,Iran,Sudan, Qatar,Oman,Syria,U.A.E., Egypt, Kazakhstan,Venezuela,Pakistan, Malaysia, Indonesia,Yemen Azerbaijan,
Turkey, Bahrain, Algeria
have the (62 %0f Global reserves)

All are muslim countries except Venezuela but Venezuela is also muslim supporter
Joseph

Toronto, Canada

#137 Dec 3, 2012
Raja wrote:
if all muslim countries stop oil export to western countries..
they will come on their knees...
Yes, since oil is the only thing these countries have for revenue it's true, the muslim countries will be brought to their knees if they stop selling the only product their country has. You are correct.

There is other worldly sources that will get very rich off of western countries new business buying their oil if the muslims want to bankrupt themselves it's their choice.

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