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Finally, the Saudis admit they can't pump any faster than they are. Well, they say they don't want to pump any faster, but I think it is pretty clear that they cannot pump any faster. Either way makes no difference. 10 mbd is all we are going to get.
http://peakoil.com/production/saudi-...ally-gives-up/
Six years in the long undulating plateau, and that has brought growth to a screeching halt.
http://peakoil.com/production/saudi-...ally-gives-up/
Six years in the long undulating plateau, and that has brought growth to a screeching halt.