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Article: US critic predicts end of Saudi Arabia's "Oil Miracle".(Matt Simmons )
- Article from:
- Petroleum Intelligence Weekly
- Article date:
- March 1, 2004
CopyrightCOPYRIGHT 2004 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Houston-based oil consultant Matt Simmons has stirred controversy by questioning the future ability of Saudi Arabia, the world's largest holder of oil reserves and its top producer, to remain the boundless provider of last resort. Last week he outlined his findings at the Center for Strategic and International Studies in Washington, D.C., in a debate with representatives of state Saudi Aramco--Mahmoud Abdul-Baqi, vice president of exploration, and Nansen Saleri, reservoir management manager--who offered a trenchant rebuttal, backed by new data on reserves and depletion. PIW presents the two points of view.
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