44 comments on From the old to the newer, or a thought for Khurais and its companions
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44 comments on From the old to the newer, or a thought for Khurais and its companions
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The curious thing about Simmons is that he bases his early-peak pessimistic case to a large extent on an analysis of data provided by the SPE (Society of Petroleum Engineers), whose expertise he greatly admires.
Yet the SPE apparently estimates KSA's capacity to be greater than do the Saudis themselves. This is because the SPE includes reserves attributable to enhanced oil recovery in its standards, but the KSA excludes such reserves. And that makes quite a big difference.
Some mishtake here shurely ...