Report: Saudi Arabia’s Oil Production Tapped Out

According to the New York Times: “doubts about Saudi Arabia’s assurances of how much it can expand capacity – and for how long – have been raised in a secret intelligence report and in a separate analysis by a leading government oil adviser”…..

Our own view on peak oil remains unchanged. The easy oil has been found. What’s left, whether plentiful or not, is hard to get at, and hard to get out of the ground, as much for political reasons, as for logistical and methodological limitations.
Rigzone