Saudi Geologists’ Papers Spell Lower Output – Book

Research by Saudi Arabian geologists indicate oil production in the kingdom is at or near its peak and likely near-term declines could lead prices to $100 a barrel in the next three years, a U.S. author claims.

Matthew Simmons, an investment banker specializing in energy for 30 years, tapped more than 230 technical papers published by international research group the Society of Petroleum Engineers, many of them written by current Saudi Arabian nationals, for his book, “Twilight in the Desert,” to be published in June.
Reuters