Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
There was a study mentioned in one of the Robert Baer books I read, Sleeping with the Devil, in which it was argued that the data suggests Ghawar is mostly full of water at this point, and that the country's total reserves are probably only going to last a couple more decades.  By that, he didn't mean peak.  (I believe the book was written in 2003, and he was talking about it peaking within the next couple of years.  I think Ghawar peaked in 2004 or 2005.)  He meant, "The country will be broke and the crazies will be storming Riyadh."

The only two countries in the Middle East with any serious untapped resources, as far as I know, are Iran and Iraq.  Once again, even setting aside the issue of climate change and whether peak oil might be desirable in its ability to make us finally shape up rather than frightening, our alliances are completely nonsensical in that region.

Be nice to America. Or we'll bring democracy to your country.

by Drew J Jones (pedobear@pennstatefootball.com) on Fri Aug 7th, 2009 at 08:31:00 AM EST
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