RE:RE:If the Saudi’s won’t / can’t Africa will !Depletion? That is a good point.
For too long folks have thought about their oil as being limitless. It only makes some sense that it will run down at some point. After all that is what has happened in Alaska; after 50 years they are now only getting 20% of their peak production.
A few years ago I had a friend who worked on rigs for Hornbeck the now bankrupt but former off shore drillers. The Saudi's hired a bunch of the laid off workers for their off-shore drilling. I though it was odd that they would drill offshore at great cost when they had so much cheap oil on shore. But depletion would explain it and their push into solar.