In this article I will present research that supports a rather startling hypothesis: that the
To lay the groundwork we need to set out a couple of assumptions.
The primary assumption is that the world's oil production has been on a plateau for the last two years, and in fact we may be teetering on the brink of the production decline predicted by the Peak Oil theory. Such a decline could be dangerous to the world economy, both directly through the loss of economic capacity and indirectly (and perhaps more importantly) through the loss of investor confidence in the global economic structure.
The second assumption is that the oil production of
The conclusion that can be drawn from these two assumptions is that if Saudi Arabia's production began to decline and the world found out about it, there would be a significant risk of a world-wide economic panic that would destabilize markets and throw nations like the USA into a recession or depression that would be worse than the actual damage done by the loss of the oil. We can assume that the prevention or postponement of such a crisis would be an extremely high priority for the administrations of both the
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