Under the desert in eastern Saudi Arabia lies Ghawar, the largest oil field in the world.
Articles: Saudi Arabian oil production (3)
I realize that this is a controversial assertion--that Saudi Arabian oil fields are not infinite--but it’s a possibility that is at least worth considering.
A mid-week upate. Oil prices bounced around early this week, settling Wednesday down from Monday’s opening price. On the New York exchange, crude opened the week at $92.70, climbed to $95, dropped to $90 and closed yesterday at $91.03. In London, Brent futures closed down $2.43 at $99.95 …