Peak Oil in 2012? Saudi Arabia’s Oil Overestimated by 40%, Wikileaks Reveals

Photo: Bakar_88 , Flickr, CC Looks like peak oil might be even closer than we thought — the most recent Wikileaks cable released by the Guardian has revealed that US diplomats are convinced that Saudi Arabia has overestimated its vaunted oil reserves by a stunning 40%. Saudi Arabia is the world’s largest oil supplier, and is widely believed to be sitting atop the largest supply of the stuff in the world. But this revelation shows that the country may not have enough oil to ke… Read the full story on TreeHugger

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Peak Oil in 2012? Saudi Arabia’s Oil Overestimated by 40%, Wikileaks Reveals

Posted by on February 9, 2011. Filed under Lifestyle. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry