The Oil Drum | DrumBeat: July 10, 2006

211 comments on DrumBeat: July 10, 2006

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westexas on July 10, 2006 - 12:22pm

It seems to me that Enron may be a pretty good analogue for Saudi Arabia

Look how long it took the investment community to finally conclude that Enron executives were lying about the true state of its finances. Initially, only a tiny handful of analysts and reporters were questioning Enron's finances.

The handful of early skeptical reports about Enron kind of remind me of Matt Simmons' groundbreaking work on Saudi Arabia.

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bradshaw on July 10, 2006 - 12:41pm

I agree. The lack of transparency allows them keep the world in mystery...(obviously not much longer as so many here have pointed out as well as other authors on the subject)

We're about to pull back the curtain and see the machinery huffing, puffing and sputtering as they spew water tainted with drops of oil.

But surely by then this heavy oil project(s) will be well underway and replace Ghawar and the likes right ;o)

-C.

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211 comments on DrumBeat: July 10, 2006

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