WikiLeaks Let’s Us in on Another Big Secret. Turns out even the Saudis and the US realize peak oil is on it’s way and they won’t be able to do anything about runaway gas prices. Watch out Tar Sands!
WikiLeaks Cables: Saudi Arabia Cannot Pump Enough Oil to Keep a Lid on Prices
The US fears that Saudi Arabia, the world’s largest crude oil exporter, may not have enough reserves to prevent oil prices escalating, confidential cables from its embassy in Riyadh show.