Dawn in the Desert: Saudi Arabia Shifts to the Versatility of Natural Gas Power

Nearly 20 years ago, an oil-and-gas financier named Matt Simmons warned that Saudi Arabia was running out of oil. His book Twilight in the Desert was a sensation in 2005, when the Kingdom of Saudi Arabia was producing 9.5 million barrels a day of crude oil. He was wrong: Last year the kingdom was producing 10.6 million barrels a day. So Saudi Arabia’s plan to diversify is not driven by scarcity.