Wikileaks continues to drop bombshells, even as Julian Assange finds himself on trial.  Unfortunately, the news about Assange is overshadowing some of the latest, and most devastating, leaks.  Namely, that Saudi Arabia has probably been overstating their reserves-- no big surprise to those of us who have been studying peak oil.   But where we only had speculation and circumstantial evidence before, now we have confirmation in the form of statements from credible Saudi Arabian authorities. The first cable deals with a meeting with Dr. Sadad al-Husseini, former Executive Vice President for Exploration and Production at the state-owned Saudi Aramco.  It's almost comical as al-Husseini goes to great lengths to insist that the theory of Peak Oil is wrong, even as he describes it occurring within the kingdom.  For example, the cable says:

He stated that the IEA's expectation that Saudi Arabia and the Middle East will lead the market in reaching global output levels of over 100 million barrels/day is unrealistic, and it is incumbent upon political leaders to begin understanding and preparing for this "inconvenient truth." Al-Husseini was clear to add that he does not view himself as part of the "peak oil camp," and does not agree with analysts such as Matthew Simmons. He considers himself optimistic about the future of energy, but pragmatic with regards to what resources are available and what level of production is possible.