BBC Business Headlines

Latvian central bank boss detained by anti-corruption force
Ilmars Rimsevics has been detained after the anti-corruption agency raided his home and office.


US rejects China-led bid for Chicago Stock Exchange
Regulator's decision is the latest rejection of a Chinese firm's attempt to do business in the US.


Anger at Google image search 'peace deal'
The search giant will remove features from its image search to appease Getty Images.


Nirav Modi: Who is India's scandal-linked billionaire?
His diamonds have been worn by Kate Winslet and Priyanka Chopra but what do we know about Nirav Modi?


Facebook told to stop tracking in Belgium
Facebook is ordered to stop tracking people without consent, by a court in Belgium.



Search Books:

Join our mailing list:


Business Blogs

Paul Krugman

Trump’s Twin Deficits (Wonkish)
It’s not a repeat of Reaganomics, but it rhymes read more...




Online Marketing for Busy Authors
Now available!



Buy the Book


Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy

by Matthew R. Simmons

Published by John Wiley & Sons

Read Excerpt

Saudi Arabia is the most important oil producing nation in history. The secretive Saudi government repeatedly assures the world that its oil fields are healthy beyond reproach, and that they can maintain and even increase output at will to meet skyrocketing global demand.

But what if they can't?

Twilight in the Desert looks behind the curtain to reveal a Saudi oil and production industry that could soon approach a serious, irreversible decline. In this exhaustively researched book, veteran oil industry analyst Matthew Simmons draws on his own three-plus decades of insider experience and more than 200 independently produced reports about Saudi petroleum resources and production operations. What he uncovers is a story about Saudi Arabia's troubled oil industry, not to mention its political and societal instability, which differs sharply from the globally accepted Saudi version.

It's a story that is provocative and disturbing, based on undeniable facts, but until now never told in its entirety. Twilight in the Desert examines numerous aspects of Saudi Arabia and its looming oil crisis, including:

  • The seventy-year history of modern Saudi Arabia, and the truth behind its troubling mix of monarchy, conservative Islam, severe social restrictions, and economic contradictions

  • Why the geological phenomena that created Saudi oil invincibility now threaten to bring it to an end, far sooner than the world has been led to believe

  • A field-by-field assessment of twelve key Saudi oil fields, and how verified shortfalls in their production and potential stand sharply at odds with unverifiable Saudi rhetoric

While Saudi officials promise to increase production from current levels if necessary, Twilight in the Desert examines the history of other major oil fields to determine that Saudi Arabia is in fact overproducing its primary resources, and couldn't possibly ramp up production for long. It calls for long-overdue transparency on the part of the Saudis and all significant global oil producers, along with urgently needed energy data reform, and a global energy blueprint for how the world will cope once Saudi oil output has peaked.

Without question, Saudi Arabian oil fields provide the rest of the world with its most plentiful, low-cost oil resource. The question is how long can they continue to keep these critical pipelines open. Twilight in the Desert answers that question with keen examination instead of unsubstantiated posturing, and takes its place as one of the most important books of this still-young century.


pub date: 2005-06-17 | | 9780471738763