I’m pretty sure Saudi Arabia and its sheiks are just a front for the Anglo American empire and its Governors (ie. uber rich). Hardly anyone notices that most of their numbers, particularly the 220;reserves”, never change, and are probably pure fiction.
Energy is a control mechanism for the world population. I’m not sure how solar power and batteries and electric vehicles will alter the future equation of control, but I’m sure our Governors will figure out a way to control the market.
It’s long been a mystery what the real-world situation is with Saudi Aramco’s oil reserves, as the state-owned firm has been reporting the same 261 billion barrels reserve figure for the last 30 years or — with no changes, despite pumping out large quantities of oil every year. Decline rates on the firm’s major fields have remained an unknown as well, as has the quality of the reserves.