Saudi Arabia

OctoberLandon's picture

The OPEC stage show !!

I don't want to sound like a conspiracy theorist, but does anyone else believe that this entire OPEC meeting yesterday was nothing more than a "stage show" to mask the fact that most OPEC memebers, including Saudi Arabia, are lacking spare capacity?  If you believe that this "disagreement" was genuine, please set forth your case - I would like to hear it.


The Martenson Report - How To Position For The Next Oil Shock

Friday, May 27, 2011

Executive Summary

  • Saudi Arabia's reserve capacity is a myth
  • World oil demand is increasingly overwhelming supply
  • Why exports matter more than total world production
  • What the next oil shock will do to stock, bonds, commodities, precious metals, and real estate
  • What you should do to prepare

Part I: Past Peak Oil - Why Time Is Now Short

Part II: How To Position For The Next Oil Shock

ewilkerson's picture

Michael Lynch on Saudi Oil Reserves debunking Peak Oil

If you guys and ladies want something to chew on for a minute check out this article.  I know the the NY Times does not believe in Peak Oil, but this op-ed is quite a read.  I could go into  all the BS in it, but I'm sure you will need no help;

MarkM's picture

Can the Saudis really pump more?

Can the Saudis really pump more?

“OPEC is ready to meet any shortage in supply when it happens,” the Saudi oil minister, Ali al-Naimi, said at a news conference after a meeting of ministers of oil producing and consuming nations in Riyadh, Saudi Arabia. “There is concern and fear, but there is no shortage.”

investorzzo's picture

Fall of Saudi Arabia to end dollar reserve system?

The civil unrest in Egypt is growing fiercer. Electronic communications have been shut down throughout Egypt and massive demonstrations have been planned for today. A changing of the guard in Egypt would be a massive political shift indeed, but what if the disturbances don't stop there? What if they ultimately spread to Saudi Arabia and end up bringing down the dollar reserve system?

Johnny Oxygen's picture

Suspicious packages 'contain explosive material,' Obama says

Suspicious packages 'contain explosive material,' Obama says


So what is the set up here? Look at these quotes:

pinecarr's picture

Gulf countries, including Saudi Arabia, approve new currency

I just came across a couple of very interesting articles on the Gulf countries, including Saudi Arabia, announcing that they will break from their dollar pegs, and start their own currency in 2009.  The question regarding whether the new currency will be at all backed by gold is as of yet unanswered.  First, an article from Seeking Alpha,, dated December 31, 2008, entitled "Will the New GCC Curren