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WikiLeaks cables: Saudi Arabia cannot pump enough oil to keep a lid on prices
Posted: 17 February, 2011 • Category: News • Tags: Peak Oil • Comments(0)
Wiki Leaks has released information that Saudi Arabia’s crude oil reserves have been overstated by as much as 300 billion barrels – nearly 40%. Â The US fears that the world’s largest crude oil exporter may not have enough reserves to prevent oil prices from escalating.
Read Full Article: guardian.co.uk
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