THE WALL STREET JOURNAL: Saudi Desert’s Gas Mirage?
Boast of Vast Reserves Faces
Growing Skepticism as Firms
Go Dry in the Empty Quarter
By GUY CHAZAN and NEIL KING JR.
March 25, 2008; Page B1
Saudi Arabia’s boast that its southern desert region contains vast reserves of natural gas is facing growing skepticism, amid a string of exploration setbacks by international oil companies operating there.
The kingdom had hoped that gas in the Rub al Khali, a vast desert that translates into English as the Empty Quarter, would be a key source of fuel for its booming economy. If the region turns out to be as empty as its name implies, Saudi Arabia runs the risk of a gas-supply crunch within the next decade at today’s rate of demand.
South Rub al Khali Co. so far has failed to hit large pockets of natural gas.
If that happens, and the kingdom has less gas than expected, it will be forced to divert more of the oil it produces for its own use, leaving less to fuel the rest of the world’s cars, airliners and factories. read more
Like this:
Like Loading...
This website and sisters
royaldutchshellplc.com,
shellnazihistory.com,
royaldutchshell.website,
johndonovan.website, and
shellnews.net,
are owned by
John Donovan. There is also a
Wikipedia segment.