2007-03-14 08:16:21 · 3 answers · asked by Frank P 1 in News & Events ➔ Current Events
Oil reserves in Saudi grounds are running low. They are decreasing in proportion to the global oil reserves. In about ten years, Saudi Arabia will have only about 10 to 15% of the world's oil supply. Iraq is much richer. Of course, we don't know what may happen in Iraq or in Saudi and who may be willing and able to supply.
2007-03-14 09:22:44 · answer #1 · answered by browneyedgirl 6 · 0⤊ 0⤋
This is just a bunch of Saudie Bull$hit in order for them to raise the prices more!
The truth of the matter is that Oil will never "expire" because it is actually being formed as we speak by the pressure and heat of the Tetonic Plates that circumvent the globe rubbing together!
This is why the world will never "run" out of oil!
Pure Bull$hit don't believe it even for a second!
2007-03-14 16:12:20 · answer #2 · answered by Anonymous · 0⤊ 1⤋
no those are only scare tactics to drive up the price at the pump.
2007-03-14 21:55:46 · answer #3 · answered by Anonymous · 0⤊ 0⤋