Wikileaks: Saudi Said To Have Overstated Crude Oil Reserves By 40%

[EndDaFed]

The cables, released by WikiLeaks, urge Washington to take seriously a warning from a senior Saudi government oil executive that the kingdom's crude oil reserves may have been overstated by as much as 300bn barrels – nearly 40%.

http://www.zerohedge.com/article/di...overstated-crude-oil-reserves-300-billion-bar

 

[BenIsForRon]

This is what oil experts have been saying for years. The Saudi's don't want us to know how much oil they have because they don't want to give up their prime position in OPEC and the world oil markets.

 

[DamianTV]

So how much are gas prices going to go up this year?