Saudi Arabian oil production is at or very near its peak sustainable volume (if it did not, in fact peak almost 25 years ago), and is likely to go into decline in the very foreseeable future. There is only a small probability that Saudi Arabia will ever deliver the quantities of petroleum that are assigned to it in all the major forecasts of world oil production and consumption.

We've run out of good projects. This is not a money issue... If these oil companies had fantastic projects, they'd be out there [developing new fields].

We need to find three Saudi Arabias just to offset [the] decline.

For the first time in our lifetime, we are out of any form of spare capacity. It is a different energy world we live in today.

In 2003 there was basically a chain-link fence around this incredible facility. What's worrisome is that the various bombings that have taken place in these complexes in Saudi Arabia so far have all had the markings of being an inside job.

The 'twilight' of Saudi Arabian oil envisioned in this book is not a remote fantasy.

Everyone keeps thinking there is a (price) ceiling...There is no ceiling,

There isn't a middle argument. It's a finite resource. The only debate should be over when we peak.

This is the big story for these companies. They're so big, they're having a very hard time growing. The only thing they really know how to do well is buy back stock.

Prices are really cheap today and they need to go a lot higher, and they probably will go a lot higher,