Analysis: How Much Oil Do Saudis Have?

(UPI) — There are many reasons to doubt that Saudi Arabia, the world`s biggest oil producer, can feed the globe`s ever-growing hunger for oil for as long as it claims, experts say.

‘We don`t know what the Saudi reserves are,’ said Jack Zagar, a former oil engineer with 30 years of experience in the business. ‘All we have today is the Saudi Arabian word as to what they might be.’

Zagar, who now works as an independent engineering consultant, spoke at a telephone conference hosted by the Association for the Study of Peak Oil & Gas, a group founded by Colin Campbell, an oil expert researching global reserves.
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