177 comments on Dialoguing with Dr. Peter Jackson of CERA: Is the Future of Oil Resources Secure?
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177 comments on Dialoguing with Dr. Peter Jackson of CERA: Is the Future of Oil Resources Secure?
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At 8.5 mbpd crude + condensate, the Saudis are probably producing about 9.9 mbpd Total Liquids (based on 2005 ratio).
Of course, CERA is talking about "productive capacity," so any reduction in production is just a process of increasing their reserve productive capacity. One little problem is that the Saudis have now admitted that their 2005 crude + condensate production rate of 9.55 mbpd was pretty much their maximum producing rate.
Well, they seem to be as off with liquids prediction as they have been with predicting Natural Gas production in the USA. Who would pay any dime to look at this report? It is just bogus.
Roger From The Netherlands