Peak Oil News: Is Saudi Arabia Running Out of Oil?

Thursday, August 05, 2004

Is Saudi Arabia Running Out of Oil?

When oil prices have doubled to $80 and a second Great Depression threatens global political stability, our president will assemble a 9/11-style commission to explain the intelligence and policy failures that led to the crisis. The verdict will be familiar: The stunning blow to the world economy brought about by the sudden, unexpected depletion of fossil fuel should have been anticipated and prevented.


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