The Oil Patch Is Getting Slippery
Sure, Big Oil is raking in money. But new reserves are more elusive, and governments are bargaining harder.
March 3, 2005
Oil Shortage?
Saudi officials like to fly visitors across the Empty Quarter, the forbidding desert that occupies the eastern portion of the kingdom, to visit the Shaybah oil field. Nestled amid stunning sand dunes like a ship in a vast ochre ocean, Shaybah is a source of national pride for the Saudis — akin to the Hoover Dam or the Apollo space missions for Americans. To outsiders, the message is: When it comes to oil, you can count on us. “We are the most reliable producer and supplier of crude in the whole world,” says Mahmoud M.
April 4, 2004