i have doubts that al-Husseini actually said what Forbes claims. i'd bet there is some sloppiness or lack of understanding in the use of the word "reserves". It's plausible (although still very unlikely) that aramco could be off by 40% on projected resources (probable or potential reserves) across the entire country but their proven reserves are a very tightly guarded secret and it's extremely unlikely that they are off by 40%. Much of Saudi has not been explored or only lightly explored and there are several large but untouched reservoirs. That article looks more like a YMB post than serious journalism. http://en.wikipedia.org/wiki/Proven_reserves
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.