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westexas on December 27, 2006 - 10:18pm Permalink | Subthread | Comments top

Is Ghawar Crashing?

Heinberg: Middle East at a Crossroads

http://www.theoildrum.com/story/2006/8/4/19747/71404

Heinberg:

At the ASPO conference a well-connected industry insider who wishes not to be directly quoted told me that his own sources inside Saudi Arabia insist that production from Ghawar is now down to less than three million barrels per day, and that the Saudis are maintaining total production at only slowly dwindling levels by producing other fields at maximum rates.

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totoneila on December 28, 2006 - 3:20am Permalink | Subthread | Parent | Comments top

Hello WT and fellow TODers,

Yep, if I had to pick just one KEYPOST for the past year--Heinberg's Bombshell did it for me too--too bad we couldn't find a second source to positively corroborate this 'fact'. If true: it sure would answer a lot of questions. If false: sure would be interesting to know the insiders who banked bigbuck$$$ by deliberately using Heinberg to spread a rumor.

To me: the best thread discussion on the whole WWWeb is the WT--RR debate with all the other expert TODers weighing-in with their comments pro & con. I hope it continues into 2007 as more data is uncovered.

Bob Shaw in Phx,Az Are Humans Smarter than Yeast?

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62 comments on Your Favorite Post of the Year...

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