The Oil Drum | Simmons: Saudi Oil Shock Imminent

31 comments on Simmons: Saudi Oil Shock Imminent

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Donal on September 12, 2005 - 9:25am

Perhaps Sadad knows, but is he telling the whole truth? Would he risk his head for a NY Times reporter?

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Drum Roll on September 12, 2005 - 9:41am

Personally, I doubt it.

I get the impression from reading "Twilight in the Desert" by Simmons that Saudi Arabia will be lucky to maintain the 9.5 - 11 mbpd level of output they currently have for much very longer. They will need to discover some significant new fields in order to raise production by 4 to 5 mpbd (to get to 15 mpdb), esp. once depletion becomes evident in Ghawar and their other large-but-aging fields.

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31 comments on Simmons: Saudi Oil Shock Imminent

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