The Saudi Miracle

Saudi Arabia was able to rapidly ramp up oil production in the 1970s to meet global demand. This was particularly important given that US production peaked in 1971-72 and then began a gradual downtrend. The Saudis picked up the slack.

The fact that Saudi Arabia was able to increase its production by a factor of nearly five in only 15 years is amazing; such rapid and sustained production growth has not been repeated elsewhere. But what
The same basic production pattern is evident in all sorts of oilfields all over the world. See