Expert Doubts Saudi Pledges To Increase Oil Output
19 June 2005 - 1:00pm
Saudi Arabia may have overstated its crude oil reserves and may not be able to meet global demand says energy analyst and author Matthew R. Simmons.
"Based on research drawn from hundreds of technical papers spanning four decades, “Twilight in the Desert” argues that the kingdom's aging oil fields won't be able to sustain the higher levels of production needed to satisfy the world's growing thirst for oil."
Full Story:
Can Saudi Arabia keep its promise
Source:
MSNBC, October 6, 2005
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