Saudi oil minister Al-Naimi disputes ASPO/Simmons

“We have to take these statements seriously because of the damage they can do to influencing decision-makers,” he said. “And I think it would be tragic for the world to believe that we’re going to be running out of oil in the next 10 years. We may be running out of oil in the next 50 years to in the next 80 years; that’s something else.”

Oil and Gas Journal