Submission + - Wikileaks Cables Say Saudi Oil Supplies Overstated (nytimes.com)
spicate writes: Recently revealed cables released by Wikileaks suggest that Saudi Arabia may reach peak oil output much sooner than initially thought, possibly within 17 years. The U.S. diplomat who wrote them called his source, Sadad al-Husseini, "no doomsday theorist." The diplomat continues, "his pedigree, experience and outlook demand that his predictions be thoughtfully considered." With most of the rest of the world experiencing declining conventional crude oil production already, new discoveries and improved extraction techniques may not be sufficient to cover the deficits. Is there still time to move away from oil?