oil leak
one of the cables released by wiki leaks related comments made by one of saudi arabia's oil engineers. apparently he was pretty frank about how much their oil reserves are over-estimated. to the tune of some 40%. saudi arabia officially claims they can supply the world with oil for 50 years. if this guy isn't some sort of alarmist crank then saudi arabia will hit their peak oil within the decade. the rule of thumb is that when saudi arabian oil peaks, so does world oil production. course, some folks argue saudi oil has already peaked. whatever. life is going to be interesting.