The Coming Saudi Oil Shock and the World Economy.
This compelling insider analysis uncovers a looming oil production crisis in Saudi Arabia. Twenty three percent of world reserves are believed to be in Saudi Arabia, but the Saudis refuse to allow an independent audit to verify their estimates. Sparked by observations of Saudi oil wells which led him to suspect that some fields were in decline, Matt Simmons has created a compelling case that Saudi Arabia production will soon reach an apex, after which its production will decline and the world will be confronted with an immense and potentially catastrophic oil shortage.
