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Most of the large readily-accessible oil reserves in the world have been discovered and many of them have rapidly declining levels of production. This comes at a time when global wealth is shifting to the most highly populated countries in the world. Where will petroleum supplies come from to meet surging global demand? We have long thought Saudi Arabia could provide endless supplies, but our special gust this week, Matt Simmons suggests the prolific oil fields of that nation are not only in rapid decline but that the supplies Americans assume still exist may no longer be extractable. Might ne
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