Oman and the End of Easy Oil

The Washington Post recently reported on Oman's turn to enhanced recovery techniques to get at its remaining oil. Without enhanced recovery, experts say only ten more years of oil are available in Oman. With it, perhaps forty years' worth. In any case, the techniques are quite costly, which is fine with the current, high price of oil. Yet, as the article says, diversification is ever-more important.

Oman's oil production peaked at 840,000 barrels per day in 2000 and has fallen to a low of 561,000 bpd in 2007.