Are the days of easy-to-reach oil at an end?

Apart from a new price high, this week has been more of the same – oil prices have been high, and boy, are they looking to stay that way.

But what people are talking about now is the one factor that may keep those prices in place.

And the words of the day are ‘peak’ and ‘oil’.


Even in the UAE, where oil brings in the lion’s share of the country’s revenues, there is more than a little speculation about how much oil there really is.

Matthew Simmons, who is known mainly for his book Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy, is in Dubai this week to hobnob over lunch with big names in oil, gas, investments and banking.

Gulf News