No easy fix for our Saudi oil habit
If production in the desert kingdom has in fact peaked, as some experts say, the alternatives aren’t easy, if they exist at all.
August 3, 2004
Is Saudi Arabia Running Out of Oil?
When oil prices have doubled to $80 and a second Great Depression threatens global political stability, our president will assemble a 9/11-style commission to explain the intelligence and policy failures that led to the crisis. The verdict will be familiar: The stunning blow to the world economy brought about by the sudden, unexpected depletion of fossil fuel should have been anticipated and prevented.
July 28, 2004