World has tapped just 18 percent of global oil supplies, Saudi executive says
AP | September 14 2006
Excerpt: VIENNA, Austria - The world has tapped only 18 percent of the total global supply of crude, a leading Saudi oil executive said Wednesday, challenging the notion that supplies are petering out.
Abdallah S. Jum'ah, president and CEO of the state-owned Saudi Arabian Oil Co., known better as Aramco, said the world has the potential of 4.5 trillion barrels in reserves - enough to power the globe at current levels of consumption for another 140 years. http://news.bostonherald.com/international/view.bg?articleid=157340