Saoudi Arabia is running out of oil

Saoudi Arabia is the only country in the world that hasn't peaked in oil production. No one is able to verify how their oil supplies are doing because no one is allowed to research their fields.

OPEC announcement
El-Badri said the group would likely fall short of its goal to raise production capacity by five million barrels per day by 2012, according to a research note by analyst Addison Armstrong.

It is pretty clear now that the (easy)cheap oil is now gone. They are adding water in the biggest oil field Gha-Wahr and that means we are for a shocker when the economy picks back up.