Replies to post #121321 on ajtj99's Market Pulse

[ajtj99]

The numbers provided by Saudi Aramco regarding their reserves and production are complete fantasy and have been for years.

Ask Simmons or any oil man what the real numbers are. They'll tell the truth, unlike the Saudis.

As for new production, any new pumping will be hard pressed to compensate for the rapid depletion of the Gawar (sp?) field, which is past peak and dropping very fast.

[fanshaw51]

The Saudis have stated they will be saving much of that for the next generation.

This link makes a very good summation of the situation:



http://www.investorvillage.com/smbd.asp?mb=2234&mn=117699&pt=msg&mid=5087246

Fan.