Do the Saudis Really Have All That Oil?

Shocking expose’ or lunatic speculation?

I can’t tell.

From OpinionJournal: A Cartel and Its Snakeoil[*1] .

Matthew R. Simmons, a Texas investment banker with a Harvard Business School degree and 20 years’ experience in oil, has his doubts. In “Twilight in the Desert,” Mr. Simmons argues that the Saudis may be deceiving the world and themselves. If only half of his claims prove to be true, we could be in for some nasty surprises.