See this interesting article from the Oil Drum's Stuart Saniford. A convincing argument for peaked Saudi production is based on three facts. The first being increased upstream investment by the Saudis. The second being increased rig counts. Third and most importantly, declining production despite this. There is a supply pay off lag that may account for all or some of this. Supply figures in the next two years or so will confirm this hypothesis.
Im not going to say what everyone else has already said, but I do want to comment on your knowledge of the topic. You're truly well-informed.
Posted by: cheap wholesale clothing | September 13, 2010 at 05:07 AM
Im not going to say what everyone else has already said, but I do want to comment on your knowledge of the topic. You're truly well-informed.
Posted by: cheap wholesale clothing | September 13, 2010 at 05:21 AM