logi Energy Determines Saudi Oil Production Has Peaked

In a discussion with Jim Puplava, FS Radio, Jeffrey Brown described his analytical work with Dr. Samuel Foucher, also part of logi Energy, where they determined that annual production in Saudi Arabia has never exceeded the production in 2005 and believe it never will.

Jeffrey went on to discuss his land export model and the ramifications of depleting oil fields and increasing demands within exporting countries by their own citizens. He and Dr. Foucher have determined, through deep analytics, that the exports from the top 5 exporting countries has peaked and half of all oil ever to be exported after 2005 by these countries will be exported within 4 years, by 2013.

If this proves to be true, the biggest ramification for this prediction is that there will be global oil shortages in the US and other OECD countries before 2013 even at the current low demand levels. The practical application of this statement is less exports resulting in an increased likelihood of gas rationing in the US.

HedgeCo.net