[Peakoil] Peakoil Digest, Vol 30, Issue 2

[robert and michelle preston]

Henry    In the last few months I have heard a lot about the Saudi wells 
peaking I do know they have moved to some off shore drilling that should 
tell you that their land wells are in trouble.   I was speaking to a 
commodities trader on Friday and he expects oil to go to $83 before pulling 
back below $80 I guess we will have to wait and see.  Rob
----- Original Message ----- 
From: "Henry Hatch" <hhatch at netspeed.com.au>
To: <peakoil at act-peakoil.org>
Sent: Sunday, September 16, 2007 7:32 PM
Subject: Re: [Peakoil] Peakoil Digest, Vol 30, Issue 2


>
>
> :
>>
>>    1.  Iraq war motive: to mask Saudi production decline with Iraqi
>>       oil? (Alex Pollard)
>>
> Greetings,
>
> I am generally not into conspiracy theories but this one might just be 
> plausible.  My own readings of oil production info was that Saudi Arabia 
> production is the key and peak oil would be for real when Saudi Arabia 
> went into decline. Lo and behold last year I came across a report (I am 
> not sure if it was referred to on this list) saying their mature fields 
> were faced with an 8% decline - this is a reference to it: 
> http://deconsumption.typepad.com/deconsumption/2006/04/aramco_producti.html
>
> There have not been any follow up reports - I suspect whoever issued it 
> has had a career demotion, maybe a bullet through the head...
>
> Meanwhile West Texas crude is currently north of US$80 a barrel, so maybe 
> the end is nigh? ☺
>
> Henry Hatch
>
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