Saudi Arabia cannot pump enough oil to keep a lid on prices

6 Comments on "Saudi Arabia cannot pump enough oil to keep a lid on prices"

BillT on Wed, 15th Feb 2012 1:04 am 



ALL ‘reserves’ are over stated. ALL of them. We are much closer to the edge than we think. The slope down is becoming a cliff. Are you prepared?

Kenz300 on Wed, 15th Feb 2012 1:29 am 



Every time oil prices spike a recession follows. The world is in for a tough time.
Are individuals, businesses and politicians preparing their companies and the public for higher energy prices and limited supplies? As people we tend not to react until we are forced to. That time may be coming.

Cabra1080 on Wed, 15th Feb 2012 1:52 am 



What’s all the hype? This is really old news…

BillT on Wed, 15th Feb 2012 3:30 am 



Cabra, but, doesn’t the last year only prove that they cannot lower prices anymore with extra production? Are prices lower now than a year ago? Nope!

Beery on Wed, 15th Feb 2012 4:13 am 



Rehashing year-old news is surely meant only to fool people into glancing at the date and thinking it’s new. This sort of thing doesn’t belong on a ‘Peak Oil NEWS’ site.

Nonsense like this gets in the way of real news. It’s not as if it’s a slow news day – there are plenty of PO-related stories out there.

SilentRunning on Wed, 15th Feb 2012 4:19 am 



I can’t wait for the Cornicopians to dismiss this story and claim that all of the “Vast, enormous, huge, gigantic, (etc)” finds of the past year or so will make up for all of Saudi Arabia’s oil.

Meanwhile, those in the know are continuing their preps.