Category Archives: Reserves Lower than stated

The middle east has 2/3rds of remaining oil and that’s where the reserves have been the most exaggerated starting in the mid 80s so that shieks could borrow a lot of money against non-existent reserves

Oil Reserve Estimates are WAY too high

Old Math Casts Doubt on Accuracy of Oil Reserve Estimates Asjylyn Loder. april 3, 2014. Bloomberg News Jan Arps is the most influential oilman you’ve never heard of. In 1945, Arps, then a 33-year-old petroleum engineer for British-American Oil Producing … Continue reading

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Matt Simmons “Twilight in the Desert” Saudi Arabia oil: how much left?

Once the large fields peak in Saudi Arabia oil shocks will reverberate throughout the world Best up-to-date status of oil fields in Saudi Arabia. Ghawar is in decline, but 2 new fields filled in, once they’re in decline, there are … Continue reading

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