Can the Status Quo Be Maintained?

Saudi Supply Demanding Attention
By LOUISE S. DURHAM
EXPLORER Correspondent
There’s enough rhetoric — much of it conflicting — about oil supply/demand these days to prompt even the hardiest observer to reach for the aspirin bottle.

For instance: Global demand continues unabated vs. prices cooling China demand; OPEC can produce however much oil needed vs. OPEC is at capacity, etc., etc.

One observer, longtime energy investment banker Matt Simmons, CEO of Simmons and Company International in Houston, says there’s ample cause to be concerned about Middle East oil supply, particularly that of Saudi Arabia.
Summary of Matt Simmons comments and reply by Aramco’s manager of reservoir management, Nansen Saleri in complete article found at:

http://www.aapg.org/explorer/2005/01jan/saudi.cfm