Member Info for longinthetooth1

Any search will confirm that

WRONG its the 20th!!!

Talking about Greenland

Amazed as that lack of discussion regarding Trump tariff talk over the weekend do we think

Positive or negative

Racht

Ignoring all this irrelevant to many here me included!

Do YOU then think today is a good day to invest for new investors

No one 🤣

I'm confused. What relevance does that have to? 80 mile? And where do you actually get that data from of the resistance levels and things that's all mumbo-jumbo surely?

Ok to both the bulls and the bears here can we discuss pros and cons of the recent developments in the news today relative to 80M CRML specifically and how this will impact Mondays opening SHARE PRICE CALLS.

This is now getting VERY VERY real for investors in 80M possibly the most important 48 hours (excluding drill results for jameson and disko which will obviously determine what all the fuss is about)

Ok over to you guys and please can I ask we keep it civil just your thoughts.

Zilch

Especially since GLND will be $$$$$$$$$

🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸Yayyyyyy

USA AND SAUDI ARABIA are 💯 aware of the declining outputs far better than anyone here!!

They are looking for another 12 billion +++ field and the Saudis know it!!!

Continued and the most critical piece!!!;

Saudi Arabia has been the world’s leading oil exporter for over three decades. Today, the country produces about 8 million barrels a day — roughly one-tenth of the world’s needs. If Saudi production falls short, the consequences would be significant. And Ghawar’s decline is the first sign of this decline.

“In the past, the world has counted on Saudi Arabia. Now I don’t see how long it can be maintained”

– Anonymous Senior Oil Executive with Saudi Aramco

While the world has other large producers like Russia and Iraq, these countries do not have the massive reserves or excess oil capacity to export found in Saudi Arabia. Therefore they will not be able to make up for a short supply.

And the new oil fields found elsewhere around the globe are tiny when compared to Ghawar and therefore will not be able to deliver enough oil to make up the difference.

As a result, supplies will tighten and oil prices will increase further. The global economy will soon begin to feel the squeeze.

Previous spikes in oil prices have helped cause recessions. But this time I’m afraid that the affects are going to be much worse.

CONT;

Only 821 Days Left

The “official” reserve estimate at Ghawar is about 70 billion barrels — about 12% of the world’s total. But like we talked about last week, who’s to say how much oil is really still there.

But the heck with it. Let’s give the Saudis the benefit of the doubt. And let’s assume that there really is 70 billion barrels of crude in the ground at Ghawar. Shoot…let’s even assume they’ll be able to get every last drop of crude out of the ground.

So we have 70 billion barrels of oil, right?

So what!

According to the Energy Information Administration, the world consumed 85.29 million barrels of crude per day in the first quarter of 2006. That hypothetical 70 billion barrels at Ghawar would only last the world 821 days!

You read that right — The largest oil field in the world only has enough oil to last the world just over two years. And that figure hasn’t even taken into account the ever increasing worldwide demand.

Granted, Ghawar isn’t the only oil producing field around. Still, Ghawar is the undisputed heavyweight king of kings when it comes to oil fields. And like they say, if the head dies, the body is soon to follow.

Prognosis: Terminal

Today, the giant field produces about 5 million barrels per day — about 6.25% of the world’s total oil production.

This field is only one of four able to produce over a million barrels per day. (Cantarell in Mexico, produces nearly 2 million barrels per day, Burgan in Kuwait produces 1.7 million barrels per day and Da Qing in China which produces 1 million barrels per day.)

Ghawar is, therefore, extremely important to the world’s economy and well being. And unfortunately for the world, few know the actual state of Ghawar.

Fact is…Ghawar’s production rate is in decline.

In April 2006, a Saudi Aramco spokesman admitted that its mature fields are now declining at a rate of 8% per year, implying that Ghawar may have peaked.

You read that right…It’s likely that Ghawar has peaked!

And if Ghawar has peaked, Saudi Arabia has peaked. And if Saudi Arabia has peaked, the world has peaked!

In fact, three of the four fields that I mentioned a second ago are in confirmed decline!

This means several hundred thousand barrels of daily oil production will have to be added every year just to make up for the diminished output. And you and I both know that that’s not likely to happen

“The big risk in Saudi Arabia is that Ghawar’s rate of decline increases to an alarming point. That will set bells ringing all over the oil world because Ghawar underpins Saudi output and Saudi undergirds worldwide production.”

– Ali Morteza Samsam Bakhtiari, a senior official with the National Iranian Oil Company.

Saudi Aramco has reportedly estimated that total production capacity from all its fields in 2011 will be 10.15 million barrels a day. That’s about the same as its current capacity.

CONT;

However, no one is sure exactly how much more crude the Ghawar oil field still contains.

Like we talked about in last week’s article, The Great Oil Reserve Swindle, there’s a lot of evidence that suggests official oil reserve numbers, put out by the Saudi Arabian government, have been fudged on purpose.

So, it’s quite likely that there’s not as much oil at Ghawar as the Saudis say.

In fact, there’s probably a lot less. And for the oil starved economies of the world…that’s bad.

But it gets worse…

Water, Water Everywhere

In Saudi Arabia, seawater is injected into oil fields to increase pressure and thereby stimulate production.

Now, normally only 30% of the oil in a reservoir can be extracted. But water injection increases that percentage — known as the recovery factor — and maintains the production rate of a reservoir over a longer period of time.

However, over time, the volume of water that is lifted along with the oil increases, thus the volume of oil declines proportionally until eventually what flows out of the reservoir is almost pure water, and the field is no longer worth operating.

Now here’s the bad news…

Saudi Aramco, the national oil company of Saudi Arabia and Ghawar’s operator, is currently injecting a staggering 7 million barrels of sea water per day back into Ghawar in order to prop up pressure.

And at the Offshore Technology Conference a few months ago, experts were claiming that Ghawar was producing about 55% water. That means that more than half the fluid brought up the well is water!

“Ghawar will not run dry overnight, but the beginning of the end of its oil is in sight.”

– Paul Roberts, The End of Oil

For now Ghawar is still far too productive to abandon. But because of increasing problems with managing the water Ghawar is becoming very costly to maintain. And one day in the very near future it will become uneconomical to extract Ghawar’s oil and the field will be discarded.

Please read!

The World's Largest Oil Field is Dying

Written By Luke Burgess

Posted August 9, 2006

Believe it or not…One oil field accounts for 6.25% of the world’s daily global production — about 5 million barrels a day. And unfortunately for the world, few people know the lies, scandals, and realities surrounding Ghawar, the world’s largest oil field.

Real Estate So Hot, Even Donald Trump Can’t Touch it

Nearly 125 miles east of Riyadh, in the kingdom of Saudi Arabia, exists the most expensive and exclusive real estate on the planet.

How pricy is land here?

All exaggerations aside…Priceless.

Yet this 1.3 million acre stretch of real estate contains no Hollywood-style, gazillion dollar mansions…There are no private beaches or hoity-toity, aristocratic shopping…There are no elite golf courses or exclusive vacation resorts.

No…There’s almost nothing at all.

Just a big, dead, empty desert.

Yet this virtually-uninhabited stretch of desert has made literal tycoons out of once nomadic tribesmen in just over 50 years.

How was that possible?

Actually, it was quite easy.

You see, lying deep beneath this scorching, desolate landscape sits the largest and most important oil field in the world: The Ghawar Oil Field.

Saudi Arabia has over 300 recognized oil reservoirs. But 90% of the country’s oil production comes from only five fields discovered between 1940 and 1965. They are:

Abqaiq Field (official reserve estimate: 12 billon barrels)

Safaniya-Khafji Field (official reserve estimate: 30 billon barrels)

Berri Field (official reserve estimate: 12 billon barrels)

Manifa Field (official reserve estimate: 11 billon barrels)

And the granddaddy of them all: Ghawar Field (official reserve estimate: 70 billon barrels)

Ghawar is so large that its production accounts for about 60% of all Saudi Arabian oil. So there’s no wonder why among the many prolific oil fields in the Middle East, the giant Ghawar field stands out as the region’s crown jewel.

The massive field was discovered in 1948. Production at Ghawar began two years later and reached a peak of 5.7 million barrels per day in 1981. This is the highest sustained oil production rate ever achieved by any single oil field in history.

“Ghawar is the greatest oil-bearing structure the world has ever known. Its superlative qualities cannot be overstated. It is unlikely that any new oilfield will ever rival the bounteous production Ghawar has delivered to Saudi Arabia and the international petroleum markets”

– Matthew Simmons, Twilight in the Desert

During the mid and late ‘80s, Ghawar’s production rate fell as it was restricted for market reasons. But by 1996, with the development of two other areas in the southern area of the field, production went back up above 5 million per day.

Since its discovery Ghawar has produced more than 55,000 million barrels of the black goopy stuff. And there’s still more oil to be found de

Rach many including you seem to think Saudi has an infinite supply of crude oil WRONG!

https://www.energyandcapital.com/the-worlds-largest-oil-field-is-dying/

Saudi is increasingly coming under pressure regarding its water use to maintain output!!!

No one truly knows what issues Saudi faces going forwards because ARAMCO is not a public company!

Yes, Saudi Arabia increasingly uses huge volumes of water, often seawater, for water injection (Enhanced Oil Recovery) in aging giant oilfields to maintain reservoir pressure and production as natural pressure drops, a process that requires massive infrastructure and energy, straining water resources and impacting long-term sustainability, especially as its fossil aquifers deplete.

Why Water Injection is Needed:

Declining Natural Pressure: Saudi Arabia's major oilfields are mature, and natural pressure to push oil to the surface has decreased significantly.

Secondary Recovery: Water injection is a common "secondary recovery" method to maintain reservoir pressure, effectively pushing more oil out.

The Scale of the Challenge:

Massive Volumes: Projects involve injecting millions of barrels of water daily, often sourced from the Persian Gulf.

Energy Intensive: Desalination (turning seawater fresh) and pumping require significant energy, consuming oil and further straining resources.

Depleting Aquifers: While seawater is used for injection, the Kingdom's overall water stress is high, with deep fossil aquifers being depleted for other uses like agriculture, as noted by the UN Food and Agriculture Organisation.

Impact:

Eroding Oil Wealth: The costs associated with water management (desalination, infrastructure) indirectly impact oil revenues, according to Reuters, as referenced in.

Sustainability Concerns: This reliance on water for oil production highlights a critical long-term challenge for water-scarce Saudi Arabia, tying its oil future directly to its water future.

News;

https://www.bbc.com/news/articles/cwyg1jg8xkmo.amp

https://www.aljazeera.com/amp/news/2026/1/14/analysis-why-greenland-and-europe-might-have-to-compromise-with-trump

TARRIFS!

https://www.bbc.com/news/articles/c9qpy952xvno.amp

Rach for goodness sake if you cannot see what is happening you are clearly blind to the reality

Sometimes connecting the dots is what builds the narrative I can see where this is going backed up by ai

https://www.criticalmetalscorp.com/critical-metals-corp-nasdaq-crml-executes-a-term-sheet-for-a-50-50-joint-venture-for-up-to-1500000000-usd-rare-earth-processing-facility-with-a-leading-saudi-arabian-industrial-conglomerate-esta/

https://m.miningweekly.com/article/critical-metals-plans-15bn-rare-earths-jv-in-saudi-2026-01-16

https://www.tradearabia.com/News/362439/Critical-Metals-Corp%2C-Saudi-TQB-set-up-JV-for-%241.5bn-rare-earth-facility-

Or I could tell you that I am an ai bot that China is testing for global financial domination, you'd probably prefer that concept 😰🇨🇳

🤣🤣🤣🤣 Bit like robot wars remember that BUT ai

Essentially it was ai talking to each other I don't expect you to understand tucky

I found it quite amusing and interesting testing the concept