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Originally Posted by marketsmart
Actually it was Buddy Pickens (very wealthy Oil Investor) that first started talking Peak Oil... Although I first accepted his research as truth, I have since to distrust anyone that has outside interests in the rise or fall of oil prices...
The Saudis keep their oil reserves a country secret and do not release the true oil capacity of their country to anyone (including the US or so they say)...
How can a country that is as small and could easily be crushed by one of the Superpowers (EU, US, China, Russia), tell the preceeding countries that "our" (Saudi) oil reserves are "our" business?
It makes no sense to me that the US doesnt have a clue as to how much oil is \available in the midddle east...
read between the lines, seems simple to me...
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I think it is a good idea that the Saudis keep their natural resources namely their oil reserves as a national secret since such is their financial backbone and funds much of their ongoings.
As far as I understand they know that its just a matter of time and are looking at branching out...
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