Re:The Saudis Are Lying About Their Oil Production?
by Scarblac on Tuesday September 24, 2019 @04:14PM
(#21064141)
The way oil peaks work, at first production decreases slowly, but then it goes faster and faster. If they're about 1 million barrels per day below the peak after a decade, the next similar decrease will come a lot faster.
I'm skeptical. Maybe the Saudis don't have the capacity they say they do. They have the capacity that they're delivering, though, and that capacity is enough for the needs of the market...
... until some other supplier has a problem. But while the results may be a shock and a crisis, I suspect it won't quite add up to the apocalyptic terms of the quote.