Abu Dhabi The Richest City in the World أبوظبي أغنى مدينة في العالم

Posted by admin on February 28th, 2010 and filed under world oil production | 25 Comments »

MSN : المسنجر

UAE@UAE.NET

Abu Dhabi (Arabic: أبو ظبي‎ transliteration: abū ẓābī, literally Father of gazelle) is the capital and second most populous city in the United Arab Emirates (UAE), after Dubai. It is also the seat of government of the emirate of Abu Dhabi. Abu Dhabi lies on a T-shaped island jutting into the Arabian Gulf from the central western coast. Approximately 1.45 million people live in Abu Dhabi as of 2008, of whom 80% were expatriates. One of the world’s largest producers of oil, Abu Dhabi has actively attempted to diversify its economy in recent years through investments in financial services and tourism. Abu Dhabi is ruled by Khalifa bin Zayed Al Nahyan, who is also the President of the UAE.
Parts of Abu Dhabi were settled in the 3rd millennium BC and its early history fits the nomadic herding and fishing pattern typical of the broader region. Modern Abu Dhabi traces its origins to the rise of an important tribal confederation, the Bani Yas, in the late 18th century, which also subsequently assumed control of the town of Dubai. In the 19th century the Dubai and Abu Dhabi branches parted ways.

Into the mid-20th century, the economy of Abu Dhabi continued to be sustained mainly by camel herding, production of dates and vegetables at the inland oases of Al Ain and Liwa Oasis, and fishing and pearl diving off the coast of Abu Dhabi city, which was occupied mainly during the summer months. Most dwellings in Abu Dhabi city were, at this time constructed of palm fronds (barasti), with the wealthier families occupying mud huts. The growth of the cultured pearl industry in the first half of the twentieth century created hardship for residents of Abu Dhabi as pearls represented the largest export and main source of cash earnings.

In 1939, Sheikh Shakhbut Bin-Sultan Al Nahyan granted petroleum concessions, and oil was first found in 1958. At first, oil money had a marginal impact. A few lowrise concrete buildings were erected, and the first paved road was completed in 1961, but Sheikh Shakbut, uncertain whether the new oil royalties would last, took a cautious approach, preferring to save the revenue rather than investing it in development. His brother, Zayed bin Sultan Al Nahyan, saw that oil wealth had the potential to transform Abu Dhabi. The ruling Al Nahyan family decided that Sheikh Zayed should replace his brother as ruler and carry out his vision of developing the country. On August 6, 1966, with the assistance of the British, Sheikh Zayed became the new ruler. [1]

With the announcement by the UK in 1968 that it would withdraw from the Persian Gulf area by 1971, Sheikh Zayed became the main driving force behind the formation of the United Arab Emirates.

After the Emirates gained independence in 1971, oil wealth continued to flow to the area and traditional mud-brick huts were rapidly replaced with banks, boutiques and modern highrises.

The emirate of Abu Dhabi is located in the oil-rich and strategic United Arab Emirates and is an active member of the Gulf Co-operation Council (GCC). It borders with the Kingdom of Saudi Arabia (south) and the Sultanate of Oman (east). The emirate borders the emirate of Dubai to its northeast. In the north is the Arabian Gulf.

Abu Dhabi city is on an island located less than a quarter-kilometer from the mainland and is joined to the mainland by the Maqta and Mussafah Bridges. A third bridge, designed by Zaha Hadid, is currently under construction. Bridges connecting to Reem Island and Saadiyat Island are also under construction.

Most of Abu Dhabi is located on the island itself, but it has many suburbs on the mainland for example: the Khalifa Cities, Between Two Bridges, and Mussafah Residential.
Sheikh Khalifa bin Zayed Al Nahyan is the hereditary ruler of Abu Dhabi (UAE). He is the son of Sheikh Zayed bin Sultan Al Nahyan, the first president of the United Arab Emirates.
Abu Dhabi is the wealthiest emirate of the UAE in terms of Gross Domestic Product (GDP) and per capita income. The average net worth for Abu Dhabi’s 420,000 citizens is AED 62 million (US$ 17 million), and more than $1 trillion is invested worldwide in this city alone. The GDP per capita also reached $63,000 [2], which is far above the average income of the United Arab Emirates and which ranks third in the world after Luxembourg and Norway. Abu Dhabi is also planning many future projects sharing with the Cooperation Council for the Arab States of the Gulf (GCC) and taking 29% of all the GCC future plannings. The United Arab Emirates is a fast-growing economy: in 2006 the per capita income grew by 9%, providing a GDP per capita of $49,700 and ranking third in the world at Purchasing power parity. Abu Dhabi plays a large role in the world economy. Abu Dhabi’s sovereign wealth fund, the Abu Dhabi Investment Authority (ADIA), currently estimated at US$ 875 billion, is the world’s wealthiest soverign fund, in terms of total asset value.

Duration : 0:9:49

Read the rest of this entry »

Technorati Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Pat Murphy — Beyond Sustainability: Surviving Peak Oil 3/4

Posted by admin on February 25th, 2010 and filed under world oil production | No Comments »

http://localfuture.org

How long can this global oil supply level be maintained? When will the decline in oil supply begin? How will that impact already rising gasoline prices, oil prices, food prices and the struggling state of the world economy?

To address shrinking fossil fuel supplies, increasing CO2 emissions, and rising global inequity we need to make immediate and drastic cuts to our energy use. Learn about viable curtailment strategies for food, housing, and transportation, why most “sustainable” and “green” techniques are inadequate, and how we can create cooperative low-energy communities to survive.

Pat Murphy is the Executive Director of Community Solutions in Yellow Springs, Ohio, co-writer and co-producer of the film, “The Power of Community: How Cuba Survived Peak Oil” (2006) and author of the forthcoming book “Plan C: Community Survival Strategies for Peak Oil and Climate Change.”

The International Conference on Peak Oil and Climate Change: Paths to Sustainability explores the root cause of rising gas prices, global warming, biodiversity loss and other indicators of global unsustainability.

http://localfuture.org

Duration : 0:9:59

Read the rest of this entry »

Technorati Tags: , , , , , , , , , , , , ,

British oil ambitions fuel fresh row over Falklands

Posted by admin on February 23rd, 2010 and filed under world oil production | 25 Comments »

Tensions are mounting over British plans to start oil production near the Falkland Islands. London says drilling will start on Sunday despite Argentina’s vehement opposition.

Duration : 0:2:31

Read the rest of this entry »

Technorati Tags: , , , , , , , , , , , , , , , , , , , ,

Oil Producers To Drop Dollar

Posted by admin on February 19th, 2010 and filed under world oil production | 9 Comments »

As predicted by independent researchers for a long time now.

Duration : 0:3:26

Read the rest of this entry »

Technorati Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Food Crisis in Liberia – The World Bank

Posted by admin on February 16th, 2010 and filed under world oil production | 9 Comments »

World Bank Group President Robert Zoellick is calling on leaders of the world’s richest countries and major oil producers to act now on surging food and oil prices.

Zoellick says the world is entering “a danger zone,” and about 10 billion US dollars are needed to meet the short term needs of the places and people hit hardest.

Liberia is one of those…rising food prices have pushed 200 thousand people into poverty there.

Duration : 0:2:5

Read the rest of this entry »

Technorati Tags: , , , , , ,

Mosaic News – 3/26/08: World News from the Middle East

Posted by admin on February 13th, 2010 and filed under world oil production | No Comments »

For more: http://linktv.org/originalseries
“Maliki Gives Sadr 72 Hours in Basra,” Al Arabiya TV, UAE
“1000 Sunni Families Live Harmoniously in Sadr City,” Al Arabiya TV, UAE
“Battle for Basra’s Oil,” Al Jazeera English, Qatar
“Palestinians Fed Up with Israelis in West Bank,” Al Jazeera English, Qatar
“Hamas is Also a Problem for Arab Countries,” IBA TV, Israel
“Israel Kills Palestinian Journalists,” Al Aqsa, Gaza
“Western Journalists Invited to Gaza,” Al Aqsa, Gaza
“Saudi Arabia Increases oil production,” Saudi TV, Saudi Arabia
“Kuwait Holds Camel Beauty Pageant,” Nile TV, Egypt
Produced for Link TV by Jamal Dajani.

Duration : 0:30:1

Read the rest of this entry »

Technorati Tags: , , , , , , , , , , , , , , , , ,

Just who has the most oil reserves in the world. The whole of the American continent or the OPEC nations.?

Posted by admin on February 10th, 2010 and filed under world oil production | 3 Comments »

I read somewhere that Canada has been processing newly found deposits reserves of 2.5 Trillion barrels in the Alberta Sands, which is eight times more than the OPEC countries put together.

Not to miss out on the untapted recerves of Calorado USA that has recently been found.

Why is the oil so costly on the world market to buy.

Who is making billions out of the consumers.

In 2004 the cost of production for Alberta Oil Sands was at $29.63 US and has a production cost of only $13.21 in 2007.

Some of the major Oil Companies missed the boat on this discovery and are now paying $60 per barrel of oil.

So if the actual production costs are that low for Canada. Why is the cost of oil so expensive to buy from the OPEC countries.

Let’s face it they don’t pay the same too their workers as in Western countries do they.

Good question, i always thought the sands were too hard to harvest

what impact does Iraq’s decision to boost oil production have on the Middle East and the world?

Posted by admin on February 5th, 2010 and filed under world oil production | 1 Comment »

I’m doing a current events project for my history class and my topic was oil in Middle East.
Other questions I’m stuck on are..
-What historical event(s) connects to your article?
-Why is this event important?
-What is the thesis of your article?

I’m using ( http://www.ameinfo.com/219943.html ) this article for the project but I’m not sure if it’s a reliable source. I’m really stuck and don’t know what to do right now! Please help, thank you so much :)

Too little, too late. Iraq dithered while oil prices were high, and only got their act together after oil prices crashed. The global economic collapse thingy will keep oil prices depressed for a long time.

Hubbert ’s OIL PEAK Theory

Posted by admin on February 4th, 2010 and filed under world oil production | 3 Comments »

Peak oil is the point in time when the maximum rate of global petroleum production is reached, after which the rate of production enters terminal decline. If global consumption is not mitigated before the peak, a world energy crisis may develop because the availability of conventional oil will drop and prices will rise, perhaps dramatically.

1976 video clip, when M King Hubbert speaking about world oil depletion and explaining the concept of peak oil.

Duration : 0:1:59

Read the rest of this entry »

Technorati Tags: , , , , , , , , , , , ,

Oil prices bring profit to Exxon, Agip, Texaco, Shell, etc Oil companies in charge to exploit?

Posted by admin on February 1st, 2010 and filed under world oil production | 2 Comments »

Oil fields in MiddeEast and Africa (Nigeria?)
Once most of world oil production are made by these companies and they onle "rent" from MiddleEast people, what is rally happening out there?
If its true, high oil prices are good for these companies and their countries?

that is the problem with middle men, they ar the ones who profit the most, think of coffee, the farmers get pennies on the dollars, but the distributors make the bulk of the profits.