Sent from my iPhone
If governments do not provide funds for Madrassas around the world, where do funds come from? If you use your intellect, you will understand how fundamentalism is related to oil-money.
"There are other factors which are more important. "
Like what ......? Can you complete your thought?
--- On Tue, 11/13/12, Subimal Chakrabarty <subimal@yahoo.com> wrote:
From: Subimal Chakrabarty <subimal@yahoo.com>
Subject: Re: [mukto-mona] U.S. to overtake Saudi as top oil producer: IEA
To: "mukto-mona@yahoogroups.com" <mukto-mona@yahoogroups.com>
Cc: "mukto-mona@yahoogroups.com" <mukto-mona@yahoogroups.com>
Date: Tuesday, November 13, 2012, 9:46 AM
The logic seems to be flawed. Does the amount of funds available to a country have a correlation with growth of religious fundamentalism in that country? A close analysis with data will not support Roy's theory. There are other factors which are more important.
Sent from my iPhone
This project would have been a top priority for a Republican president. Unfortunately, it is not. Self-sufficiency in energy sources is a part of fighting terrorism for USA. If USA can stop importing Saudi-oil, there will be fewer funds available for the Islamic fundamentalists also. I see a glimmer of hope at a very far horizon.
The progress towards that goal will be slower during the Obama administration, as he is entrapped in a green-movement ideology.
I strongly believe - green-movement is funded by the middle-eastern sources, and this movement is a decoy movement for the oil-rich countries. The green-movement is here to hamper the growth of oil-production in the USA. Self-sufficiency in oil-production will accelerate in an unprecedented pace when republican assume presidency in the USA. Until them, progress will be at a snail's pace.
Jiten Roy
From: SyedAslam <Syed.Aslam3@gmail.com>
Subject: [mukto-mona] U.S. to overtake Saudi as top oil producer: IEA
To: "Khobor" <khabor@yahoogroups.com>, "notun Bangladesh" <notun_bangladesh@yahoogroups.com>, chottala@yahoogroups.com
Date: Monday, November 12, 2012, 6:05 PM
U.S. to overtake Saudi as top oil producer: IEA
By Peg Mackey | Reuters – 5 hrs ago<USA_Top_oil_producer_97969fcee62cb11f200f6a7067006c76.jpg>Associated Press/Charlie Riedel, File - FILE -In this Tuesday, March 6, 2012, file photo taken with a long exposure, a pumping unit sucks oil from the ground near Greensburg, Kan. The United States will becomeLONDON (Reuters) - The United States will overtake Saudi Arabia and Russia as the world's top oil producer by 2017, the West's energy agency said on Monday, predicting Washington will come very close to achieving a previously unthinkable energy self-sufficiency.
The forecasts by the International Energy Agency (IEA), which advises large industrialized nations on energy policy, were in sharp contrast to previous IEA reports, which saw Saudi Arabia remaining the top producer until 2035.
"Energy developments in the United States are profound and their effect will be felt well beyond North America - and the energy sector," the IEA said in its annual long-term report, giving one of the most optimistic forecasts for U.S. energy production growth to date.
"The recent rebound in U.S. oil and gas production, driven by upstream technologies that are unlocking light tight oil and shale gas resources, is spurring economic activity - with less expensive gas and electricity prices giving industry a competitive edge," it added.
The IEA said it saw a continued fall in U.S. oil imports with North America becoming a net oil exporter by around 2030 and the United States becoming almost self-sufficient in energy by 2035.
"The United States, which currently imports around 20 percent of its total energy needs, becomes all but self-sufficient in net terms - a dramatic reversal of the trend seen in most other energy importing countries," it said.
IEA Chief Economist Fatih Birol told a news conference in London he believed the United States would overtake Russia as the biggest gas producer by a significant margin by 2015. By 2017, it would become the world's largest oil producer, he said.
The United States will rely more on natural gas than either oil or coal by 2035 as cheap domestic supply boosts demand among industry and power generators, the IEA said.
LIMITED KNOWLEDGE
Birol said he realized how optimistic the IEA forecasts were given that the shale oil boom was a relatively new phenomenon.
"Light, tight oil resources are poorly known ... If no new resources are discovered (after 2020) and plus, if the prices are not as high as today, then we may see Saudi Arabia coming back and being the first producer again," he said.
The IEA said it saw U.S. oil production rising to 10 million barrels per day (bpd) by 2015 and 11.1 million bpd in 2020 before slipping to 9.2 million bpd by 2035.
Saudi Arabian oil output would be 10.9 million bpd by 2015, the IEA said, 10.6 million bpd in 2020 but would rise to 12.3 million bpd by 2035.
That would see the world relying increasingly on OPEC after 2020 as, in addition to increases from Saudi Arabia, Iraq will account for 45 percent of the growth in global oil production to 2035 and become the second-largest exporter, overtaking Russia.
OPEC's share of world oil production will rise to 48 percent from 42 percent now.
Russian oil output, which over the past decade has been steadily above Saudi Arabia, is predicted to stay flat at over 10 million bpd until 2020, when it will start to decline to reach just above 9 million bpd by 2035.
"Russia, which remains the largest individual energy exporter throughout the period, sees its revenues from oil, natural gas and coal exports rise from $380 billion in 2011 to $410 billion in 2035," the IEA said.
The U.S. oil boom would accelerate a switch in the direction of international oil trade, the IEA said, predicting that by 2035 almost 90 percent of oil from the Middle East would be drawn to Asia.
ENERGY DEMAND GROWS BY THIRD
The report assumes a huge expansion in the Chinese economy, which it saw overtaking the United States in purchasing power parity soon after 2015 and by 2020 using market exchange rates. Chinese real gross domestic product is expected to increase by 5.7 percent annually between 2011 and 2035.
A rise of 1.8 billion in the world's population to 8.6 billion would lead to a spike in global oil demand by more than a 10th to over 99 million bpd by 2035, keeping pressure on oil prices, the IEA said.
The agency's central "New Policies" scenario, which assumes a range of measures are taken to curb oil consumption in Europe, the United States, China and elsewhere, sees the average import cost of oil rise to just over $215 per barrel by 2035 in nominal terms, or $125 i
