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DrumBeat: June 20, 2008

Posted on June 20, 2008

Saudi 's Oil Fields on Viagra?Saudi Arabia has long been the world s preeminent oil producer and the kingdom s royal rulers want to keep it that way.But there is another possible narrative to the kingdom s likely future and ours too - which is far less comforting.Rather than a petroleum stud with enough hydrocarbon juice to carry the world gradually into some kind of greener, post-petroleum energy era, Saudi Arabia may be far closer to running dry than we realize, because of years of overexploitation. [break]Michael T. Klare: Anatomy of a Price SurgeAs the pain induced by higher oil ...

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