Saudi reserves

By David StrahanNo Comments
Much excitement today about the Wikileaks revelation that Sadad al-Husseini, former head of exploration and production at Saudi Aramco, told the US consul general in Ryadh in 2007 that Saudi Arabia's reserves have been overstated by 300 billion barrels, or some 40%. Sadad has been saying publicly the world's reserves are falsely inflated by that figure for several years now - as first reported by lastoilshock.com. It just wasn't clear those 300bn missing barrels were all in Saudi. Or, more precisely, not in Saudi....
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Why America should thank BP

By David Strahan12 Comments
This article was first published in the The Independent, 1 June 2010 Hollywood loves its villains to have an English accent. After the Deepwater Horizon disaster it was inevitable American commentators would deride BP as British Petroleum and its CEO as Tony Wayward. But even as Gulf Coast residents despair and BP fumbles from one seat-of-the-pants engineering ‘solution’ to another, Americans should realise the company may have done them a huge favour. (more…)...
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Oil production hit by BP slick

By David StrahanNo Comments
First published in the The Independent on Sunday, 9 May 2010 Even as the first oil from BP’s stricken Macondo well in the US Gulf of Mexico washed ashore this weekend, and as the clamour against the company mounts, experts claim the slick will be nothing like as catastrophic as forecast - for either the environment or the oil industry. However some analysts maintain the accident could still seriously impact the global oil supply later this decade. (more…)...
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