Stuart Staniford has written another beautiful piece of sleuthing that further discredits the business-as-usual perspective on oil production.

The industrialized world's dependence on oil and natural gas clearly is a liability, but oil companies like Exxon, government institutions like EIA, and industry-funded "think tanks" like CERA, would have people believe that the liability is not urgent nor important, and that we should carry on, business-as-usual for economic reasons.

Among people studying the question of global peak oil production, the case of the Ghawar oil field in Saudi Arabia is understood as the canary in the coal mine. Investment banker Matthew Simmons argued in Twilight in the Desert, "As Saudi Arabia goes, so goes the world."

In Water in the Gas Tank, Stuart Staniford illuminates what's known about what's happening in Saudi Arabia.  In clear writing he shows the evidence that calls into question (at minimum) main establishment assumptions.

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