stalker!

someone googled “sknkwrkz” to get to me.

 

it was YOU wasnt it?!

Basic Math.

excerpts from jassem al saadoun, chairman of al shall economic institute:

“there is no such thing as kuwait after oil,….. in 2007 we will have been producing oil in kuwait for 60 years, but this will change in a decade or two.”

“we are neither preserving our oil nor finding solutions to generate a new economy”

“in 1930, half of the kuwaitis were travelling in order to make a living to india and north africa,…if we do not start now, we will go back to working and living in other places and kuwait will lose its ability to survive. Today the workforce in kuwait is not based on productivity”

the government here reckons they cant tell anyone what kuwaits oil reserves are, on the groundof national security. but rough estimates range from 48 billion to 100 billion barrels of oil.

sound like more than enough right? surely its not your problem but rather your grandkids’s grandkids’s problem?

uhhh, not quite.

lets be chicken little and say there are 48 billion barrels left. thats 48 billion barrels of oil that can feasibly be pumped without out costing too much of course. because if you go purely on the total volume, then canada kicks kuwaits ass with its oil sands which come in as the worlds second largest oil reserve. but its bloody expensive to extract, and has only recently become feasible since oil went about $50 a barrel.

thing is, proven reserves, probable reserves, and possible reserves have nothing to do with feasible reserves.

kuwait pumps out about 2 million barrels a day. officially its 1.7 million, but lets say for argument’s sake that we take into account a slight increas in production,…. and kuwait decides to never pump more than 2 million barrels, and demand to pump more never increases.

2 million a day x 30 days = 60 million barrels a month.

60 million x 12 months = 720 million barrels a year.

thats 0.72 billion barrels a year.

and if theres only 48 billion barrels left,… thats little over 50 years.

and thats assuming that kuwait doesnt pump more, and doesnt need to pump anymore, and that the kuwaiti population stays put at 3 million.

all of which we know isnt gonna happen.

the population alone is increasing by about 10% a year for the kuwaitis alone! with half the population under the age of 15,… all of whom will need jobs, somewhere to live, consume water and electricity, etc.

and what about the foreigners who will come to serve the increased kuwaiti population?

since population, local demand and global demand is compounding and not just staying stagnant since china and india dont give a shit if kuwait gets sucked dry, and since koc will more than likely increase production as time goes by just to meet local demand and finance their employees expensive drinking  and shopping trips to london……

taking all that into account, 50 years comes down to what,…. 25 years?

even if we assume theres 100 billion barrels left,…. that only means another 50 years.

does that not scare anyone else?

i’m hitting 31 this year, which means that with advances in modern medicine, i’ll more than likely see the day that kuwait runs dry. which means, for everyone below the age of 70 as of today, a kuwait with no oil is pretty much gonna be your problem and not that of 2 generations down the line.

the only feasible future i see for kuwait is one of two:

1) kuwait decides to attract foreign investment by never introducing taxes, thereby become another offshore safe haven and money laundering centre like the cayman islands and the seychelles.

but theyre already talking taxes, and with the governments love of short term solutions, taxes will be levied pretty soon, on kuwaitis and non-kuwaitis. so the idea of kuwait as a financial hub even as a safe haven? LMFAO! yeah right!

2) kuwait becomes a port for iraq. whether you like it or not, this is probably what kuwait after oil is gong to be. umm qasr port in iraq is their only access to global shipping, and in the past containerships used to be lined up in the gulf cos iraq didnt have the capacity to unload everything quickly. some people eventually resorted to unloading in kuwait and trucking the stuff up to iraq by road. this is what kuwait before major oil production used to be, so once oils all gone this is what it’ll revert to.

Khorafi knows this, which is why he’s spearheading the boubyan port project.

and with a brand new world class port in kuwait, do you really think iraq will allow kuwait to have that kind of leverage agains the iraqi population?

and if the next time around iraqi soldiers march across the border, when kuwait is pretty much dry, and with the US sitting in baghdad and possibly terhan by then,…. what are the chances of another desert storm? absolutely nil!

you see, i’ve been setting up somewhere else to go when it all runs out ( everybody sing: malaysia truelly asiaaaaaaa ), and its something i’ve been working hard on the past few years.

and its not cos i’m foreign.

the vast majority of kuwaits wealth is outside, the governments wealth, the sabah’s wealth, the big business families,…. its all outside. all the big boys are getting ready for the day that we all have to leave. even khorafi bought his own lil chunk of egypt.

i’m surprised you lot arent panicing more.

just talk to the oldest kuwaiti you can find one day, and ask them what it was like before, compare it to what its like now,…. and if theyre honest with you, they’ll say that they dont know how much longer this country will still exist.

the government doesnt want to tell you how much oil is left on the grounds of national security.

but the government isnt of the people and for the people. the government isnt parliament either. the government is the ruling family.

so theyre not telling you on the grounds of their own family’s security.

if they didnt care enough to stay and atleast warn people about the iraqis in 1990, before they scrammbled across the border,…… what makes you think they give a shit about your ass now?