Comments on: Saudi Oil Wells May Run Dry By 2030

By: Praveen

Praveen — Thu, 17 Jan 2013 18:01:27 +0000

I am student trying to understand the basics of Global energy market esp Oil production and consumption. Is it possible to read the mentioned report by Citi Group ?

By: Ayman Hoho

Ayman Hoho — Fri, 14 Sep 2012 18:38:50 +0000

I was surprised how shallow the report’s assumptions and predictions are! Assuming the power generation growth for the next 20 years is not accurate, assuming no alternative energy sources, assuming no new reserve, assuming, no technology advancement, etc

By: jimmy

jimmy — Fri, 14 Sep 2012 12:18:28 +0000

“According to a 150-page report by Citigroup, Saudi Arabian oil could dry up as early as 2030 which is a lot sooner than previously thought”

that is not what the citigroup report said at all. The citigroup report stated KSA would cease to export oil by 2030 as their domestic consumption would consume all of their production. The truth is in your story when you print the citigroup report statement “analysis shows that if nothing changes Saudi may have no available oil for export by 2030.” That does not mean the wells are dry it means the wells are producing only enough for Saudi consumption. Where’d you get your Journalism training, from a cracker jack box?

By: Philip Arlington

Philip Arlington — Fri, 14 Sep 2012 00:16:10 +0000

Saudi Arabia will run out of oil some day, but the 2030 date is based on the patently absurd assumption that the collapse of the country’s main source of income will have no effect on its rate of economic growth, and shouldn’t be taken seriously.