Business Services Industry
Saudi Oil Experts Fire Back at Analyst's Supply Claims.
Knight Ridder/Tribune Business News, May, 2004
By Nelson Antosh, Houston Chronicle Knight Ridder/Tribune Business News
May 7--Saudi Arabia has long been considered to be the bedrock of the world's oil supply, holding 25 percent of all oil reserves.
But that boast may be coming to an end sooner than the Saudis would like to believe, according to noted Houston energy expert Matt Simmons, who participated in a panel discussion Thursday on world oil supplies at the Offshore Technology Conference.
Simmons' well-publicized contention that the Saudis can't be counted on to bail the world out of any future energy crunch has stung the Saudi government.
Just a few days ago at a Paris oil summit, the Saudis claimed the country could pump nearly twice as much as it is now, if need be,...
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