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[peretski]

I was reading an interesting tirade about, well honestly everything, that hit upon a key supposition that really makes a lot of sense if you think about it

Comments

[elfich47]

The issue isn't that Saudi is out of oil, saudi can't increase production in any substantial manner. Their largest field (gawar) is topped out and any of the smaller field can't hope to make up the production gap as it declines in production.
It will still take 20-30 years for Saudi Arabia to run down so the ROI on oil production makes it unfeasible.

But yes, the Saudis are planning on the long run.

[peretski]

yes, privately held, but there is stock involved.