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More copies of this ISBN:This title in other formats:Twilight in the Desert: The Coming Saudi Oil Shock and the World Economyby Matthew R Simmons
Synopses & ReviewsPublisher Comments:The most critical question facing the world energy market is whether Saudi Arabia can substantially increase its oil production to meet rising world demand in the years ahead. Sparked by personal observations of Saudi oil wells which led him to suspect that some Saudi fields were in decline, Matt Simmons has created a compelling case that Saudi Arabia production will soon reach an apex, after which its production will decline and the world will be confronted with an immense and potentially catastrophic oil shortage. The factual basis of the book is over 200 technical papers published over the last 20 years which individually detail problems with particular wells or particular fields, but which collectively demonstrate that the entire Saudi oil system is "old and fraying." Based on his analysis, Mr. Simmons asserts that sudden and sharp oil production declines could happen at any time. Even under the most optimistic scenario, Saudi Arabia may be able to maintain current rates of production for several years, but will not be able to increase production enough to meet the expected increase in world demand. Eventually, the reckoning day will come and the world economy will be confronted with a major shock that will stunt economic growth, increase inflation, and potentially destabilize the Middle East. Review:"This book is likely to be the most important ever written about oil. The veil of secrecy that has surrounded the world's oil resources must be lifted so the world can plan its future. This magnificently researched book of Matt Simmons may very well have the power to make that happen." Richard E. Smalley, PhD, Nobel Laureate– Chemistry (1996) Review:"Simmons effectively confronts the complacent notion that there are ample oil reserves in Saudi Arabia. Twilight in the Desert should provoke anyone who believes that the recent increase in oil prices reflects either a speculative bubble or short-term supply constraints. It should provoke elected governments that have been complacent about their public's lack of concern about energy policy. And it will inevitably provoke producers like Saudi Arabia who believe they can maintain the veil of secrecy over their resources base that the world so strongly depends on." Edward L. Morse, former Deputy Assistant Secretary of State for International Energy Policy Review:"Twilight in the Desert provides much-needed transparency to a subject long hidden from public view. While all may not agree with its findings, it is the ensuing debate surely to follow that gives value to the author's efforts." Robert E. Ebel, Chairman, Energy Program, Center for Strategic and International Studies, Washington, DC Synopsis:Sparked by personal observations of Saudi oil wells which led him to suspect that some Saudi fields were in decline, the author has created a compelling case that Saudi Arabia production will soon reach an apex, after which its production will decline and the world will be confronted with an immense and potentially catastrophic oil shortage.
Synopsis:Twilight in the Desertreveals a Saudi oil and production industry that could soon approach a serious, irreversible decline. In this exhaustively researched book, veteran oil industry analyst Matthew Simmons draws on his three-plus decades of insider experience and more than 200 independently produced reports about Saudi petroleum resources and production operations. He uncovers a story about Saudi Arabia’s troubled oil industry, not to mention its political and societal instability, which differs sharply from the globally accepted Saudi version. It’s a story that is provocative and disturbing, based on undeniable facts, but until now never told in its entirety. Twilight in the Desert answers all readers’ questions about Saudi oil and production industries with keen examination instead of unsubstantiated posturing, and takes its place as one of the most important books of this still-young century. Synopsis:Praise for Twilight in the Desert "This book is likely to be the most important ever written about oil. The veil of secrecy that has surrounded the world's oil resources must be lifted so the world can plan its future. This magnificently researched book of Matt Simmons may very well have the power to make that happen." —Richard E. Smalley, PhD, Nobel Laureate–Chemistry (1996), University Professor Gene and Norman Hackerman Professor of Chemistry Professor of Physics, Rice University "Simmons effectively confronts the complacent notion that there are ample oil reserves in Saudi Arabia. Twilight in the Desert should provoke anyone who believes that the recent increase in oil prices reflects either a speculative bubble or short-term supply constraints. It should provoke elected governments that have been complacent about their public's lack of concern about energy policy. And it will inevitably provoke producers like Saudi Arabia who believe they can maintain the veil of secrecy over their resources base that the world so strongly depends on." —Edward L. Morse, former Deputy Assistant Secretary of State for International Energy Policy "Everyone must understand this thesis, whether you agree or not, since it may change life as we know it." —Jim Rogers, author of Hot Commodities and Adventure Capitalist "Matt Simmons has made an important contribution to a better understanding of the complexity of oil field management in Saudi Arabia. His book is a challenge to Middle Eastern oil producers to provide the world with more and better oil field data, which are needed for a better understanding of when existing oil fields may peak. Instead of 'believe me,' he is asking the simple question 'show me' because the timing of oil peaking in the Middle East is essential for energy policy makers around the world. If Simmons proves directionally correct, we are in for a huge and early challenge to find alternative transportation fuels." —Dr. Herman Franssen, President, International Energy Associates, Inc. "Twilight in the Desert provides much-needed transparency to a subject long hidden from public view. While all may not agree with its findings, it is the ensuing debate surely to follow that gives value to the author's efforts." —Robert E. Ebel, Chairman, Energy Program, Center for Strategic and International Studies, Washington, DC Table of ContentsIllustrations. Preface. Acknowledgments. PART ONE: FROM BEDOUIN TO BOURGEOISIE. 1. The Birth of a Nation. 2. The History of Major Saudi Arabian Oil Discoveries. 3. Saudi Arabia’s Road to Oil Market Dominance. 4. The Veil of Secrecy over Saudi Oil Reserves and Production. PART TWO: THE EBBING OF THE SAUDI OIL BOUNTY. 5. Saudi Aramco. 6. Oil Is Not Just Another Commodity. PART THREE: GIANTS AT THE TIPPING POINT. 7. Ghawar, the King of Oilfields. 8. The Second-Tier Oilfields. 9. The Best of the Rest. 10. Coming Up Empty in New Exploration. 11. Turning to Natural Gas. PART FOUR: TWILIGHT IN THE DESERT. 12. Saudi Oil Reserves Claims in Doubt. 13. Facing the Inevitable. 14. Reading Between the Lines of the Latest News from Aramco. 15 Aramco Invokes “Fuzzy Logic” to Manage the Future of Saudi Oil. 16 In Search of Crisper Truths among the Confident Saudi Claims. 17 Aftermath. Appendix A: Methodology. Appendix B: Supporting Technical Data. Appendix C: The 1974 and 1979 Senate Hearings. Notes. Bibliography. Index. What Our Readers Are SayingBe the first to add a comment for a chance to win!Product Details
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