World oil supplies dangerously over-estimated and running out fast

A top Saudi oil industry insider has just admitted that the world oil
supplies have been dangerously underestimated. The latest US
prediction of the amount of oil that will be required in 20 years time
is so much higher than the amount that will be available that Sadad Al
Husseini says there is "more chance" that he will be "living on the
moon" by then. He predicts that supplies are unlikely to meet even as
much as "a tenth" of global demand. Tomorrow industry experts will
formally announce their concerns, but there will also be a concerted
effort to play down the severity of the problem.


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http://www.theinsider.org/mailing/article.asp?id=0662