# Wikileaks: Saudi Arabia Running Out of Oil
**URL:** https://forums.speedlife.net/t/wikileaks-saudi-arabia-running-out-of-oil/256864
**Category:** Shift518 Automotive
**Created:** [February 11, 2011, 5:13am UTC](https://forums.speedlife.net/t/wikileaks-saudi-arabia-running-out-of-oil/256864 "2011-02-11T05:13:35Z")
**Posts on this page:** 20
**Page:** 1
### Author:  [@Vovchandr](https://forums.speedlife.net/u/Vovchandr)
#### Post date: [February 11, 2011, 5:13am UTC](https://forums.speedlife.net/t/wikileaks-saudi-arabia-running-out-of-oil/256864/1 "2011-02-11T05:13:35Z")
>
> More [great news](http://www.guardian.co.uk/business/2011/feb/08/saudi-oil-reserves-overstated-wikileaks) from the wonderful world of Wikileaks: [Saudi Arabia](http://gawker.com/tag/saudiarabia/) is running out of oil! According to a former top Saudi oil executive, as recorded in State Department cables between 2007 and 2009, “[Peak Oil](http://gawker.com/tag/peakoil/)” — the pinch point at which global petroleum production reaches its maximum capacity — is a [very real problem](http://www.fastcompany.com/1725372/wikileaks-may-have-just-confirmed-the-existence-of-peak-oil?partner=rss) that we’re rapidly approaching.
> This December 2007 cable contrasted the bleak outlook of Sadad al-Husseini, a former head of exploration at the Saudis’ oil monopoly Aramco, with the official Aramco projections:
> "In a presentation, Abdallah al-Saif, current Aramco senior vice-president for exploration, reported that Aramco has 716bn barrels of total reserves, of which 51% are recoverable, and that in 20 years Aramco will have 900bn barrels of reserves.
> “Al-Husseini disagrees with this analysis, believing Aramco’s reserves are overstated by as much as 300bn barrels. In his view once 50% of original proven reserves has been reached…a steady output in decline will ensue and no amount of effort will be able to stop it. He believes that what will result is a plateau in total output that will last approximately 15 years followed by decreasing output.”
> The U.S. consul added in its cable: “While al-Husseini fundamentally contradicts the Aramco company line, he is no doomsday theorist. His pedigree, experience and outlook demand that his predictions be thoughtfully considered.”
> _Or_ we can spend more time arguing about whether the development of alternative energy is an evil scam concocted by Al Gore, which would be much easier.
> [_Image via AP_]
Get ready for $5 a gallon gas… which is still going to be cheaper than the rest of the world.
And this seems fitting
[http://shift518.com/showthread.php?t=22680](http://shift518.com/showthread.php?t=22680)
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### Author:  [@toomanycamaros](https://forums.speedlife.net/u/toomanycamaros)
#### Post date: [February 11, 2011, 10:07am UTC](https://forums.speedlife.net/t/wikileaks-saudi-arabia-running-out-of-oil/256864/2 "2011-02-11T10:07:06Z")
guess it’s time to start brewing my own biodiesel, before this shit gets outta control
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### Author:  [@jordanEBP](https://forums.speedlife.net/u/jordanEBP)
#### Post date: [February 11, 2011, 10:10am UTC](https://forums.speedlife.net/t/wikileaks-saudi-arabia-running-out-of-oil/256864/3 "2011-02-11T10:10:26Z")
im buying a bike , screw this car shit.
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### Author:  [@DeathbyRT](https://forums.speedlife.net/u/DeathbyRT)
#### Post date: [February 11, 2011, 10:24am UTC](https://forums.speedlife.net/t/wikileaks-saudi-arabia-running-out-of-oil/256864/4 "2011-02-11T10:24:06Z")
E85 win.
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### Author:  [@bennyfizzle](https://forums.speedlife.net/u/bennyfizzle)
#### Post date: [February 11, 2011, 10:32am UTC](https://forums.speedlife.net/t/wikileaks-saudi-arabia-running-out-of-oil/256864/5 "2011-02-11T10:32:08Z")
isnt our gas only cheaper than the rest of the world based on how it’s taxed? all things considered it’s still on par around the globe, no?
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### Author:  [@slwrthnu](https://forums.speedlife.net/u/slwrthnu)
#### Post date: [February 11, 2011, 10:57am UTC](https://forums.speedlife.net/t/wikileaks-saudi-arabia-running-out-of-oil/256864/6 "2011-02-11T10:57:25Z")
but brazil has a ton of oil they just need money for the equipment to get it out of the ocean.
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### Author:  [@rchiplock](https://forums.speedlife.net/u/rchiplock)
#### Post date: [February 11, 2011, 11:21am UTC](https://forums.speedlife.net/t/wikileaks-saudi-arabia-running-out-of-oil/256864/7 "2011-02-11T11:21:20Z")
Just heard about this yesterday:
[http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article\_2011-02-10-Shale%20Oil/id-110d21c4766d4107b1c1a14ff7d553e7](http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2011-02-10-Shale%20Oil/id-110d21c4766d4107b1c1a14ff7d553e7)
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### Author:  [@6SPD\_S4](https://forums.speedlife.net/u/6SPD_S4)
#### Post date: [February 11, 2011, 1:14pm UTC](https://forums.speedlife.net/t/wikileaks-saudi-arabia-running-out-of-oil/256864/8 "2011-02-11T13:14:15Z")
Sweeeet
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### Author:  [@KillerBlackbird](https://forums.speedlife.net/u/KillerBlackbird)
#### Post date: [February 11, 2011, 3:28pm UTC](https://forums.speedlife.net/t/wikileaks-saudi-arabia-running-out-of-oil/256864/9 "2011-02-11T15:28:15Z")
Too bad some state like the Dakotas don’t have a fairly large amount of oil…oh wait:
[http://www.nextenergynews.com/news1/next-energy-news2.13s.html](http://www.nextenergynews.com/news1/next-energy-news2.13s.html)
[http://geology.com/usgs/bakken-formation-oil.shtml](http://geology.com/usgs/bakken-formation-oil.shtml)
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### Author:  [@Vovchandr](https://forums.speedlife.net/u/Vovchandr)
#### Post date: [February 11, 2011, 6:19pm UTC](https://forums.speedlife.net/t/wikileaks-saudi-arabia-running-out-of-oil/256864/10 "2011-02-11T18:19:58Z")
If it was cheap or easily gotten we would be there by now.
And either way with 1 billion chienese establishing themselves into the middle class and buying cars for the first time all the oil reserves wont last long.
Oh well. I expect $10 a gallon + gas within the lifetime.
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### Author:  [@rchiplock](https://forums.speedlife.net/u/rchiplock)
#### Post date: [February 11, 2011, 7:07pm UTC](https://forums.speedlife.net/t/wikileaks-saudi-arabia-running-out-of-oil/256864/11 "2011-02-11T19:07:56Z")
read the articles again since it has nothing to do with being expensive or difficult, this technique was first used in 2007, gotta start somewhere
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### Author:  [@PJB](https://forums.speedlife.net/u/PJB)
#### Post date: [February 11, 2011, 7:18pm UTC](https://forums.speedlife.net/t/wikileaks-saudi-arabia-running-out-of-oil/256864/12 "2011-02-11T19:18:30Z")
I wouldnt believe anything coming from somebody wearing a towel on their head.
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### Author:  [@Vovchandr](https://forums.speedlife.net/u/Vovchandr)
#### Post date: [February 11, 2011, 8:35pm UTC](https://forums.speedlife.net/t/wikileaks-saudi-arabia-running-out-of-oil/256864/13 "2011-02-11T20:35:55Z")
It’s wikileaks PJB
Why would they have fake information when it’s never supposed to be seen by the public eye :facepalm
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### Author:  [@slwrthnu](https://forums.speedlife.net/u/slwrthnu)
#### Post date: [February 11, 2011, 9:05pm UTC](https://forums.speedlife.net/t/wikileaks-saudi-arabia-running-out-of-oil/256864/14 "2011-02-11T21:05:24Z")
> [@New To NYSpeed, Many Rides, BMW, Chebys, Infinitis Pics](https://forums.speedlife.net/t/new-to-nyspeed-many-rides-bmw-chebys-infinitis-pics/39585/11):
>
> If it was cheap or easily gotten we would be there by now.
please please please tell me you don’t believe this. cheap and easily gotten has nothing to do with why or why not oil is drilled for.
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### Author:  [@Vovchandr](https://forums.speedlife.net/u/Vovchandr)
#### Post date: [February 11, 2011, 9:42pm UTC](https://forums.speedlife.net/t/wikileaks-saudi-arabia-running-out-of-oil/256864/15 "2011-02-11T21:42:07Z")
You mean oil companies dont obey basic economic principles?
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### Author:  [@Hang\_Your\_Cross](https://forums.speedlife.net/u/Hang_Your_Cross)
#### Post date: [February 12, 2011, 7:21am UTC](https://forums.speedlife.net/t/wikileaks-saudi-arabia-running-out-of-oil/256864/16 "2011-02-12T07:21:05Z")
canada is our biggest importer of oil.
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### Author:  [@slwrthnu](https://forums.speedlife.net/u/slwrthnu)
#### Post date: [February 12, 2011, 8:23am UTC](https://forums.speedlife.net/t/wikileaks-saudi-arabia-running-out-of-oil/256864/17 "2011-02-12T08:23:55Z")
> [@Vovchandr"](#):
>
> You mean oil companies dont obey basic economic principles?
oil companies have no control over whether they can drill or not in a certain area. especially when it comes to the united states.
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### Author:  [@votblindub](https://forums.speedlife.net/u/votblindub)
#### Post date: [February 12, 2011, 10:41am UTC](https://forums.speedlife.net/t/wikileaks-saudi-arabia-running-out-of-oil/256864/18 "2011-02-12T10:41:48Z")
time to invest in electric power producing companies and electric car manufacturers and their component producers?
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### Author:  [@PJB](https://forums.speedlife.net/u/PJB)
#### Post date: [February 12, 2011, 10:46am UTC](https://forums.speedlife.net/t/wikileaks-saudi-arabia-running-out-of-oil/256864/19 "2011-02-12T10:46:58Z")
fuck that pussy hippie shit.
Just drill everywhere theres oil in this country regardless of it pisses off tree huggers, bears or butterflies.
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### Author:  [@Hang\_Your\_Cross](https://forums.speedlife.net/u/Hang_Your_Cross)
#### Post date: [February 12, 2011, 12:10pm UTC](https://forums.speedlife.net/t/wikileaks-saudi-arabia-running-out-of-oil/256864/20 "2011-02-12T12:10:59Z")
> [@Your opinion on this](https://forums.speedlife.net/t/your-opinion-on-this/39595/31):
>
> fuck that pussy hippie shit.
>
> Just drill everywhere theres oil in this country regardless of it pisses off tree huggers, bears or butterflies.
:facepalm
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