WikiLeaks: Former Aramco Head Warns US About Saudi’s Strained Oil Production

overconsumption.jpg

WikiLeaks show the Saudis overestimated their oil reserves by about 40% –  the US is worried. As the largest exporter of crude oil, Saudi Arabia has kept international oil prices reasonably steady. Until now. The recent instability in the region coupled with overambitious estimates and slowing production has cast serious doubt on the country’s ability […]

Read more