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Worth a read: Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy by American investment banker Matthew Simmons. https://en.m.wikipedia.or
by voisin 7y ago
Worth a read: Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy by American investment banker Matthew Simmons.
https://en.m.wikipedia.org/wiki/Twilight_in_the_Desert https://en.m.wikipedia.org/wiki/Twilight_in_the_Desert
- Robotbeat 7y agoBook was in 2005. Simmons made a bet that oil would be $200/barrel in 2010 and lost (it was $80 in 2010). It's almost 15 years ago now. Eventually the Saudis will run out, but this book failed in its prediction of imminent collapse.