Wikileaks Cable: Saudi Oil Reserves Exaggerated By 40 Percent
source: http://www.huffingtonpost.com/2011/02/09/wikileaks-saudi-oil-reserves-exaggerated_n_820641.html
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- Austin_Stumpff
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The Guardian reports that Sadad al-Husseini, former head of exploration at the Saudi oil monopoly Aramco, told the U.S. consul general in Riyadh that the Saudi oil company could not keep up with the 12.5 million barrels a day needed to keep prices low. Peak oil, he said, could be reached as early as 2012.
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- tags:
- Wikileaks, Saudi Arabia, Oil Prices, Oil & Gas, 1 more
