The Oil Drum | Simmons: Saudi Oil Shock Imminent

31 comments on Simmons: Saudi Oil Shock Imminent

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Rembrandt on September 12, 2005 - 11:32am

Hmmz interesting, i wonder what kind of timeframe Simmons is thinking about. A few months probably. That would certainly mean Peak Oil (and a second peak maybe later).

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Stuart Staniford on September 12, 2005 - 11:50am

Yes - if you look at where increased production has come from in the last four years, the lion's share is from just two sources: Saudia Arabia and Russia. If both were to begin depleting with any speed, I think it would be very hard for any other production to make up for that.

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Ben on September 12, 2005 - 12:16pm

But I thought we were going to drill ANWR?

(sarcasm)

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ericy on September 12, 2005 - 1:35pm

That would be my guess. My recollection from his book was that overproducing tended to cause damage on the timescale of a few months or so. No guarantees this time, of course.

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31 comments on Simmons: Saudi Oil Shock Imminent

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