erniem

The Oil Shortage, and Other Fairy Tales

Yes, the OPEC production will rise as Saudi Arabia injects 6,000,000 million barrels of water a day into Gharwar to produce 5,000,000 barrels of oil, with an astonishing 35-55% water cut. As Gharwar declines into the same fail mode as Chanterelle and Saudi Production falls even more, OPEC production will rise. As every major field in the middle east continues to decline, production will rise.

The only reason the Saudi production is as high as it is today is that the Royal family will pump every last barrel out of the ground in ten years in order to stay in power.