Tag Archives: Saudi Arabia

Saudi Arabia – Headed for a Downfall?

Saudi Arabia recently announced that it had halted a $100 billion oil production expansion plan to raise capacity to 15 million barrels a day by 2020. At this point, the country claims to have capacity of 12 million barrels a day. What … Continue reading

Posted in Financial Implications, Oil and Its Future | Tagged , | 30 Comments

Kidding ourselves about future MENA oil production

Recently, the International Energy Agency’s Chief Economist Fatih Birol was quoted as saying, In the next 10 years, more than 90% of the growth in global oil production needs to come from MENA [Middle East and North African] countries. There … Continue reading

Posted in Food issues, News Related Post, Oil and Its Future | Tagged , , , , , , | 57 Comments