Industrialized Cyclist Notepad


Public disagreements

Even in a totalitarian government they can’t get their stories together.

“Saudi Arabia’s national production management scheme is set to increase total capacity to 15 million barrels per day and have an export potential of 10 [million] barrels per day by 2020,” Prince Faisal, a former Saudi ambassador to the US and UK said in a speech at the Belfer Centre for Science and International Affairs of Harvard University. The speech was delivered last week and posted on the centre’s website late Monday.

The prince clarified his position in an email on Tuesday. “Saudi consumption may reach five million barrels of oil by then [2020], hence the production capacity of fifteen million barrels,” is required to maintain country’s export potential, he said.

Saudi Arabia would be lucky to go past production of 9 million barrels a day by 2020 and, “we don’t see anything like 15 million barrels a day before 2030, 2040,” said Naimi in an appearance at the Centre for Strategic and International Studies in Washington DC Tuesday.

via Rift emerges over Saudi oil policy | GulfNews.com.

Notice in this article and others how any potential increase or decrease in Saudi oil production is always portrayed as a matter of policy, not geology.

Advertisements

Leave a Comment so far
Leave a comment



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s



%d bloggers like this: