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Leaked Cables Reveal US Thinks Saudi Oil Reserves May Be Overstated

February 10th, 2011 02:32 admin Leave a comment Go to comments

Earth

Mr.Intel writes with this excerpt from a UPI report which may interest those of you with cars, electricity, items made of plastic, etc: “Estimates of oil reserves in Saudi Arabia are overstated, meaning crude output could peak within the next decade, leaked US diplomatic cables reveal. Washington fears Saudi Arabia overestimated its oil reserves by as much as 40 percent and the kingdom can’t keep enough oil flowing to control prices, US diplomatic cables obtained by WikiLeaks and published by The Guardian newspaper in London reveal.”

Source: Leaked Cables Reveal US Thinks Saudi Oil Reserves May Be Overstated

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