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Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy Paperback – May 16, 2006
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Copyright © American Library Association. All rights reserved --This text refers to the Hardcover edition.
"The author...is clearly an expert in his field…I recommend anybody in the financial markets read this book." (Financial Engineering News, October 2006)
"Those who follow with their own tales of imminent economic collapse struggle to emerge from [Simmons'] shadow." (Spectator Business, October, 2008)
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Top Customer Reviews
Now someone with a suspicious mind might suspect that Simmons, a banker, has an interest in leading the market to believe that oil is scarce, because that will put upward pressure on the price, and the oil companies and he, their banker, will benefit. I do have a suspicious mind, but I am convinced by Simmons's meticulous presentation of the SPE data. It is probably the single most important piece of evidence that the world is entering the Hubbert's peak for oil ("peak oil" as it is colloquially and ungrammatically known). He systematically presents the data on every single big Saudi oilfield, from the biggest of all, Ghawar, which as of 1994 still produced 63% of all Saudi oil, through Abqaiq, Safnaya, Berri, Zulaf, Marjan, Shaybah, and smaller fields.
Are there vast untapped reserves in Saudi Arabia? According to the SPE data, the answer is no. No giant fields have been discovered since 1968, despite intensive exploration.Read more ›
What will happen if the oil fields in Saudi can not keep up with demand? What if the production facilities are almost overmatched at this point and further facilities are difficult to put in place? All of these and more questions are covered in this book. The author also talks about the populations and political situation in Saudi and the picture he presents is another difficult and concerning one at that. One can only hope that the production in Iraq gets up and running or that better technology is hurried into production.
The footnotes and documented sources detailed in the book give it the appearance of a very well documented and accurate study. The details on the production process in Saudi is worth the price of the book alone. It is a rather back handed slight at our news media that the very real issues presented in this book have not yet made it to the talking heads at 6 pm. Overall I enjoyed the book a great detail. It is well written and put together. The reader is never lost in the detail no matter how little previous knowledge the reader has about the oil business. What I found was that the good was a very fast read given that it is difficult to put it down. It is a book that we all need to read.
The book is a little over 400 pages in medium font, and has many maps showing the locations of the oil, schematics showing how the crude oil is actually processed, photographs, and a number of tables. There are about a dozen large oil fields in Saudi Arabia. These fields are discussed, and comparisons are made with other large active oil fields around the world, including the North Sea oil fields started in the early 1970s. The core idea of the book is that we are about to face the reality of limited oil production in Saudi Arabia and in the rest of the Middle East: the situation is not good and projected inventories and extraction rates are too optimistic. The era of growing sources seems to be over, regardless of the political situation in the Middle East. The sources cannot keep up with the demand for oil that is expected to continue to grow.
The book is divided into four sections and then has a very short appendix. The first section is just 69 pages and details the political and historical development of Saudi Arabia as a country, and the introduction of foreign oil companies.
Section two is short, just 50 pages, and covers the subject of how the oil is extracted from the ground, and what has to be done to separate the crude from water, methane, and various other contaminants to get "pure oil".Read more ›
Most Recent Customer Reviews
I read this book from cover to cover .. The author introduced me to a new thinking about Saudi economy - from oil point of view .. Read morePublished 5 months ago by kamelazeb
This book was written 10 years ago based on even older data and interpretation of technical papers generally written by service companies who tout their services through these... Read morePublished 12 months ago by Digger
complete nonsense, obsolete silly stuff, they worshipped him till he died, overweight, boiled in a hot tub
This book is highly technical. It was very good as a primer on the history of oil recovery technology. Read morePublished 17 months ago by Gregory Delano Michl
Excellent book. Well worth a read even today, despite record oil production. The details in the book about how a modern oil company work are amazing.Published 21 months ago by G. Khanna
It's not a quick or light read, but a very worthwhile one. Simmons methodically takes the reader through the numbers to reach conclusions that have the potential to seriously... Read morePublished on January 10, 2014 by Amazon Customer