Are the Desert Kingdom’s Foundations Built on Sand?

Saudi Arabia is running out of oil reserves, and we should put ourselves on a ‘war footing’ to prepare for a future without the black gold, according to a new book by Texan oil banker Matt Simmons.

In Twilight in the Desert, which will be published in the UK later this week, Simmons argues that the Saudis have dramatically overestimated their potential future production, which he believes could peak – and begin to plummet – within a few years. ‘Saudi Arabia really is at high risk of a production collapse,’ he warns.
The Observer