tag:blogger.com,1999:blog-17555522.post2522191386512185678..comments2008-04-25T08:20:42.080-07:00bwhttp://www.blogger.com/profile/07541279438184352860noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-17555522.post-89881304607797023452008-04-25T08:20:00.000-07:002008-04-25T08:20:00.000-07:00if any of those technologies becomes viable (nanotech, biotech, fusion) Saudi oil could loose value incredibly fast. Even negawatts could be game changing. In the US we import about 14% of our oil from the Saudis, creating cost effective biofuels (pilot plants are being built now) could save us enough oil to change things.Jeffhttp://www.blogger.com/profile/03745896346361946030noreply@blogger.comtag:blogger.com,1999:blog-17555522.post-49123105214333221232008-04-23T09:10:00.000-07:002008-04-23T09:10:00.000-07:00I guess they will have a long time to redirect their economy once oil starts to go away.Jonathanhttp://www.blogger.com/profile/18026476004883859119noreply@blogger.comtag:blogger.com,1999:blog-17555522.post-43857039476827534112008-04-22T22:16:00.000-07:002008-04-22T22:16:00.000-07:00Even with big technology breakthoughs like Fusion and nanotechnology it will take a long time to get off of oil dependence. <BR/><BR/>Saudi Arabia produces over 9.1 million barrels of oil per day. About 3.3 billion barrels per year. At $100/barrel that is 330 billion per year. This is about 50-70% of their GDPbwhttp://www.blogger.com/profile/07541279438184352860noreply@blogger.comtag:blogger.com,1999:blog-17555522.post-40460658022440507142008-04-22T15:50:00.000-07:002008-04-22T15:50:00.000-07:00What will happen to nations like Saudi Arabia in the middle east when in the future, people won't need their oil for energy (or at least not nearly as much)? Doesn't a great portion of their revenues come from oil used for energy?Jonathanhttp://www.blogger.com/profile/18026476004883859119noreply@blogger.com