How Much Oil Can Saudi Arabia Really Produce? ...Middle East

OILPRICE - Economy
How Much Oil Can Saudi Arabia Really Produce?
source : OILPRICE ( Middle East ) () 26
For decades, the true numbers relating to Saudi Arabia’s level of crude oil reserves and production have been a subject of much debate and confusion, not helped by the obfuscation from the Saudis over precisely what these numbers are. The reason for obfuscation is that Saudi Arabia’s only source of real power in the world begins and ends with its oil reserves and production, so the higher these numbers, the more the power, and the lower the number the less the power. In recent weeks this debate has become even more pronounced in the…

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