Rebutting the critics: Saudi Arabia's oil reserves, production practices ensure its cornerstone role in future oil supply

05/17/2004
Recent media reports have suggested Saudi Arabia may not be able to supply its share of the world oil demand for the near future."Experts" have argued in major US newspapers and at energy forums that not only are the kingdom's petroleum reserves overstated but also that the kingdom has rejected necessary foreign investments in its energy sector and that poor production practices have damaged its oil fields. Are these allegations true? Are there problems in the kingdom's oil fields? Can the kingdom meet the growth in demand for additional production? These questions require explicit answers. Unfortunately, the policy of years of withholding technical information has allowed such mi...
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