Does anyone know how much oil Saudi Arabia has left? Last week a series of US diplomatic cables from 2007-2009 and released by WikiLeaks suggested that senior US embassy staff were warning Washington that reserves could be 40% less than stated and that "peak oil" might be imminent.
The source of this new information was Sadad al-Husseini, a senior geologist and former head of exploration at the Saudi oil monopoly Aramco who, the cables revealed, disputed the official figure of 716bn barrels of total reserves. In further cables, the US embassy suggested that Saudi Arabia would not be able to prevent oil prices from going through the roof because it could not produce enough.
The Guardian published the four cables online, which ignited debate in the oil industry, the markets, the press and the peak oilists.
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