Oil and Saudi Arabia – Part 1

Everything that you need to know about the future of Saudi Arabian oil production can be found in a staff report to the subcommittee on international economic policy of the committee on foreign relations of the United States Senate (1979).

One prominent consulting organization, PFC Energy, has stated that by 2020 at the latest, OPEC will not be able to make up the difference between non-OPEC supply and global demand.