“Saudi Arabian oil production is at or very near its peak sustainable volume (if it did not, in fact peak almost 25 years ago), and is likely to go into decline in the very foreseeable future. There is only a small probability that Saudi Arabia will ever deliver the quantities of petroleum that are assigned to it in all the major forecasts of world oil production and consumption.”
Quote by Matthew Simmons
Author
Matthew Simmons
Matthew Simmons, born on April 7, 1943, was an esteemed energy analyst and author from the United States. He had over 30 years of experience in the oil and energy sectors and served as a consultant for several energy companies. Simmons was renowned for his profound insights into the global energy market, and he authored 'Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy', which detailed his predictions about peak oil. more
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