Is Saudi Oil Estimates Overstated?

Have Saudis Overstated How Much Oil Is Left? -- Time Magazine

While the world remains transfixed by the Egyptian revolt, a crisis with equally profound global consequences is quietly brewing elsewhere in the Middle East: WikiLeaks this week released U.S. diplomatic cables suggesting that Saudi Arabia may have vastly overstated its oil reserves — if true, that could dramatically accelerate the arrival of the long-feared "peak oil" moment, when oil production hits its final high before slowly declining, keeping prices rising for the foreseeable future and slowing global economic growth. But not all industry analysts are convinced by the claims in the cables.

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More News On Saudi Oil Reserves

Leaked Cables Reveal U.S. Concerns Over Saudi ‘Peak Oil’ -- New York Times
The Truth Behind Saudi Arabia’s Oil Supply -- Forbes
WikiLeaks: Saudi Arabia Overstated Its Oil Reserves -- NPR
WikiLeaks cable: Saudi oil estimates may have been exaggerated -- CNN
Peak oil: We are asleep at the wheel -- The Guardian
Dwindling reserves -- The Economist