Twilight in the Desert
Saudi Arabia is the goose that lays the golden eggs, single-handedly producing almost an eighth of the world's total oil production and picking up the slack when other oil producers run into trouble.
In the original story of the goose, the farmer grew so greedy for gold that he cut open the goose, killing it and ruining his supply of golden eggs. Could Saudi Arabia be killing its golden goose as well?
No one knows for certain how much oil lies under the Arabian sands, but most observers, bolstered by Saudi Aramco's reassurances on the strength of its track record, seem content to assume the kingdom can continue meeting the world's unslakeable thirst for oil for decades to come.
( Full story here )
In the original story of the goose, the farmer grew so greedy for gold that he cut open the goose, killing it and ruining his supply of golden eggs. Could Saudi Arabia be killing its golden goose as well?
No one knows for certain how much oil lies under the Arabian sands, but most observers, bolstered by Saudi Aramco's reassurances on the strength of its track record, seem content to assume the kingdom can continue meeting the world's unslakeable thirst for oil for decades to come.
( Full story here )
posted by Oil Shock at 3/02/2006 10:40:00 PM
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