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More rumours

The Oil Drum | Drumbeat: December 7, 2009 (8 December 2009)

From the Max Keiser in the interview:

“My sources in Saudi Arabia tell me that the Ghawar oil field, for the past three years, has shown 10 percent production decline.”

Ghawar provides 6,25% of current crude production. Ten percent decline? That is big, in the upper ELM range. And if it is all geological …

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