Greene Concepts Inc (INKW)

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Twilight in the Desert: The Coming Saudi Oil Shock...

Audio interview with Matthew Simmons from Aug 6/05 (3 weeks before Katrina)...
http://www.netcastdaily.com/broadcast/fsn2005-0806-2.asx


Sparked by personal observations of Saudi oil wells - which led him to suspect that some Saudi fields were in decline - energy industry insider Matt Simmons has created a compelling case that Saudi Arabia's production will soon reach an apex, after which the world will be confronted with an immense and potentially catastrophic oil shortage. Written in a clear and engaging style, Twilight in the Desert provides an in-depth look at the world oil market and the mismanagement of Saudi oil resources. This factually based book is backed by over 200 technical papers-all published over the last 20 years-that individually detail problems with particular Saudi oil wells and fields, and collectively demonstrate how the entire Saudi system could stall under the pressure of higher world oil demand. Based on his analysis, Mr. Simmons asserts that sudden and sharp oil production declines could happen at any time. Twilight in the Desert shows that even under the most optimistic scenario, Saudi Arabia may be able to maintain current rates of production for several years, but will not be able to increase production enough to meet the expected increase in global demand. Eventually, the reckoning day will come, and the world economy will be confronted with a major shock that will stunt economic growth, increase inflation, and further destabilize the Middle East.