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Q: How soon till Saudi Arabia is pumped dry? ( Answered,   3 Comments )
Subject: How soon till Saudi Arabia is pumped dry?
Category: Science
Asked by: grthumongous-ga
List Price: $2.00
Posted: 15 Oct 2005 21:18 PDT
Expires: 14 Nov 2005 20:18 PST
Question ID: 580810
How soon till Saudi Arabia is pumped dry?  Dry is defined as oil
production rates reduced by 95% from 2004 avg production.
Subject: Re: How soon till Saudi Arabia is pumped dry?
Answered By: scribe-ga on 17 Oct 2005 10:51 PDT
According to an article by Peter Maass in the August 21, 2005, New
York Times Sunday magazine, Saudi Arabia has oil reserves of 260
billion barrels. The current rate of production is 10.5 billion. If
this current production rate were sustained year-to-year, the reserves
would be near depletion 44 years from now. (But the article also says
the Saudis intend to raise daily production to 12.5 million by 2009 to
meet rising global demand for oil.)

According to the same article, the Saudi oil minister, Al-al-Naime,
told an international conference in Washington in May, in answer to a
question posed about the possibility that Saudi oil fields are NOW
nearing their peak production limits, the following:

''I can assure you that we haven't peaked,'' he responded. ''If we
peaked, we would not be going to 12.5 and we would not be visualizing
a 15-million-barrel-per-day production capacity.. . .We can maintain
12.5 or 15 million for the next 30 to 50 years.''

If we wish to read the article, you will see that Maass uncovers
reasons to be sceptical of this claim. It can be read for a fee at the
New York Times website: (Enter Peter Maass in search
box). Or a printed copy might be available at your local library.
Subject: Re: How soon till Saudi Arabia is pumped dry?
From: pinkfreud-ga on 15 Oct 2005 21:25 PDT
I haven't read this book yet, but I've heard good things about it. I
believe you'll find some interesting material herein:

Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy
Subject: Re: How soon till Saudi Arabia is pumped dry?
From: jack_of_few_trades-ga on 17 Oct 2005 05:28 PDT
Quote from :

"27-05-03 Saudi Arabia's oil reserves will last for 20 years more than
previously anticipated, the country's oil minister said.
"The Kingdom's average production and proven oil reserves some 20
years ago indicated that (oil) will last for 70 years to come," Ali
Naimi said. "With increasing reserves and after 20 years of continuous
production, (Saudi Arabian Oil Co.) Aramco has more than 90 years of
production,? Naimi said."

90 years puts us almost to the new century 2100.
Subject: Re: How soon till Saudi Arabia is pumped dry?
From: vsssarma-ga on 03 Nov 2005 17:48 PST

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