‘Peak Oil’ Looms: Saudi Supply Overstated

The world may be on the verge of an oil crisis, according to WikiLeaks cables released to the Guardian today. According to the cables, Sadad al-Husseini, the former head of Saudi Arabia’s state-run oil monopoly, warned diplomats that Saudi reserves were overstated by almost 40%, and that the country couldn’t…

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‘Peak Oil’ Looms: Saudi Supply Overstated

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