16.02.2011 - How much oil does Saudi Arabia actually have?
From Guardian: Is it 260bn or 550bn barrels? Should we believe the Americans or the Saudis? The answer may lie in the provenance of the information. Does anyone know how much oil Saudi Arabia has left? Last week a series of US diplomatic cables from 2007-2009 and released by WikiLeaks suggested that senior US embassy staff were warning Washington that reserves could be 40% less than stated and that "peak oil" might be imminent. The source of this new information was Sadad al-Husseini, a senior geologist and former head of exploration at the Saudi oil monopoly Aramco who, the cables revealed, disputed the official figure of 716bn barrels of total reserves..............................................Full Article: Source
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