I agree, it is honest and is to be thanked. My point was that many other governments (and people) simply believe that there are vast lakes of oil just waiting to be tapped / drilled -e.g. ANWAR. Maybe when thing get desperate we will discover the truth -which may be that KSA has done some exploring and there isn't any more oil in their deserts or that all the really juicy deposits have been discovered.

'At the end of the day' its likely that by the time we get to the 'drill everywhere and anywhere' stage even some really big deposits are not going to make more than a half decade or so difference to peak year.

Nick.

'The drill anywhere and everywhere'-stage. That's a funny expression lol. Yes, I don't think many ppl here need to be convinced that it's too late by then. Even if that stage was to start tomorrow.