In this final installment of a series (See also Article 1 and Article 2 ) examining Saudi Arabia’s oil reserves, I want to examine several metrics to see how they stack up against the world’s other oil producers. To recap, in 1982 Saudi Arabia stopped allowing outside audits of their oil and gas reserves. When that access was shut down, Saudi proved oil reserves were estimated to be 166 billion barrels. Since that time, Saudi has produced about 100 billion barrels of oil, but today claims reserves of 270 billion barrels. Many people have argued that this is highly unlikely, and that Saudi’s reserves are more likely to be less than 100 billion barrels. This is the 3rd straight article I have written to investigate that question. Reserves Growth Since 1982 The BP Statistical Review of World Energy provides production and reserves data for many countries. Data for some […]