WikiCIALeaks Cables: Saudi Arabia Cannot Pump Enough Oil To Keep A Lid On Prices, Overstated Reserves By 40 Percent

US diplomat convinced by Saudi expert that reserves of world’s biggest oil exporter have been overstated by nearly 40% Saudi oil refinery. WikiLeaks cables suggest the amount of oil that can be retrieved has been overestimated. Photograph: George Steinmetz/Corbis The US fears that Saudi Arabia, the world’s largest crude oil exporter, may not have enough [...] continue reading the breaking news