Saudis See Peak Oil Within 2 Decades

FuturePundit thinks he ought to join the peak oil pessimist camp. The Saudis do not think the oil producers can keep up with growing oil demand from China, the United States, and other developing and developed countries.

But demand for the world’s premiere source of energy is rising so fast _ by around 2 million barrels per day each year _ that even Saudi Arabia’s vast resources will be unable to cope without drastic help, oil executives and analysts say.

FuturePundit