Latest Graphs

opec_non_opec_2010_04 non_opec_crude_2010_04 fig8_opec_2010_04 fig7_2010_04

Saudi King ordered oil exploration to cease. But will it matter?

Saudi Arabia seems to jump on the bandwagon of a rethink on oil exploration following the oil spill in the Gulf of Mexico, packaging it in an apparently wise policy of resource conservation. But this article shows that the Saudi exploration ban will have no impact as discoveries in the last years were negligible anyway. [...]