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There is a I guess a mistake by the writer because it says "Some analysts speculate Saudi Arabia's Ghawar, the biggest field by far, could begin a gradual decline within a decade or so."
Then the chart starting in 2007 shows a 10% decline for Ghawar to 2010. That Woods Mackenzie (a big outfit) is predicting a decline at all is the important thing to me.
The WSJ would seem to be well aware of Peak Oil even though they don't come right out and say so.
Ricko
Yes, the understatement in that article was killing me. They gotta tip toe around so the cornucopians can still ignore peak energy (finite resources), while the realists can extract the implicit truth...
The online version of the same chart has different rounded figures: Ghawar -11%, Burgan +1.6.