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WikiLeaks: Saudi Arabia May Reach Peak Oil As Soon As 2012

WikiLeaks: Saudi Arabia May Reach Peak Oil As Soon As 2012

WikiLeaks has spurred on more than a few scandals in the past year, from U.S. plans to sabotage Sea Shepherd to the Vatican’s approval of GMOs, but none of these PR nightmares has caused as much of a global stir as the most recent leak regarding peak oil.

“The cables…urge Washington to take seriously a warning from a senior Saudi government oil executive that the kingdom’s crude oil reserves may have been overstated by as much as 300bn barrels – nearly 40 percent” reports the Guardian.

In the classified cables, which date between 2007-2009, former head of exploration at Saudi oil monopoly Aramco, Sadad al-Husseini said Saudi Arabia might reach an output of 12 millions barrels a day in 10 years but before then — possibly as early as 2012 — global oil production would have hit its highest point. This crunch point is known as “peak oil”.

Read the original Wikileaks cables via the Guardian here and here.

If accurate, this information casts a disparaging light on politicians and oil companies who reassured the public that oil reserves were plentiful, and said there was no need to move massive government subsidies away from the petroleum industry and into alternative energy sources.

In the last weeks of 2010, Care2′s Ann Bibby reported that oil prices were predicted to hit $100 in the New Year: a prediction that has already come true.

Regardless of the when, these cables confirm one important point: peak oil is real, and the window of time to prepare for it is getting smaller by the second.

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71 comments

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9:29PM PST on Feb 17, 2011

I recently wrote an analysis of the repercussions of these wikileaks cables. If you're interested, you can read it at: http://www.peakoilproof.com/2011/02/wikileaks-confirms-fears-of-saudi-peak.html

5:05PM PST on Feb 14, 2011

I believe we already have the alternative energy technology. Powerful oil interests keep it in check. This "news" gives them leverage to dig up the gulf and make a huge refinery there. How handy there is a govt. depopulation program for that area. Oil interests will get the go-ahead for all sorts of horrid exploitation and we'll OK it out of fear for having no oil.
I agree with Zbigniew Brzezinski that Wikileaks gets information "from interested intelligence parties who want to manipulate the process and achieve certain very specific objectives."

5:29AM PST on Feb 14, 2011

Here we go! Instead of triggering a latter-day 'gold rush' seeking alternate energy sources, the industrial cabal which actually runs this country will become very busy forcing legislation to drill everywhere. Now that powerful foreign corporations have been allowed to front as much money to our so-called 'lawmakers,' take a good look at your home, because it may not be there when you return. Another way to spell 'greed' is O-I-L
!

6:39PM PST on Feb 13, 2011

Thank you for a thought-provoking article.

6:54PM PST on Feb 12, 2011

Signed and thanks for a great article :)

Be Blessed! Stay Blessed!
Peace, Love and Light ;-)

4:48PM PST on Feb 12, 2011

This is really no surprise, however, I hope this does not encourage oil companies or politicians to start drilling in sensitive areas. They should use their profits to push towards renewable, clean, alternative energy. This should be considered as a "last call" because this was always a finite source. At long last, it's time to move forward.

9:30AM PST on Feb 12, 2011

L'eau potable est déja épuisé ,le pétrole ne sera jamais
inépuisable, tout ceux qui dépendent et exploitent cette
énergie un jour ou l'autre ils vont se faire couper l'herbe
en dessous des pieds.

6:19AM PST on Feb 12, 2011

Yes Peak Oil is real and it will be very interesting to watch the political interest in these countries wane as the oil is depleted....all of a sudden our interference in these governments will cease.

5:50AM PST on Feb 12, 2011

Why should this be a surprise? I saw an article in National Geographic a couple of years ago that gave some very strong evidence that peak oil on a world scale could be reached as early as 2014. The human race has had it's head in the sand for very long time and that hasn't changed a bit.

2:07AM PST on Feb 12, 2011

thanks for the article

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