WikiLeaks cables: Saudi Arabia cannot pump enough oil to keep a lid on prices

We have been saying this since 2006; Matthew Simmons from earlier: ``The cables, released by WikiLeaks, urge Washington to take seriously a warning from a senior Saudi government oil executive that the kingdom's crude oil reserves may have been overstated by as much as 300bn barrels – nearly 40%.'' -- Their rate of output (not just total reserves) is likely overstated as well; we don't think they can attain the 12 million BPD they claim.