When will the oil in Saudi Arabia run out?

 Saudi Arabia's proved oil reserves amount to some 102 billion barrels. That means that if Saudi Arabia stopped discovering new oil fields today and maintained its current production level of about 10.8 million barrels per day, it would have enough oil to last for about 26 years.

That's not too bad, considering that some experts predict that the world will reach peak oil demand by 2030.

Saudi Arabia is not just sitting on its oil wells and counting its money. It is also investing in new technologies to increase its recovery rate, explore new areas, and diversify its energy sources.

For example, it recently announced a $110 billion project to develop the Jafurah gas field, which could produce 130,000 barrels per day of gas liquids and condensates.

It is also building a giant solar power plant that could generate up to 1.5 gigawatts of electricity by 2030.

So, even if Saudi Arabia's oil reserves are finite, its energy potential is not. And as long as there is a market for its oil, it will continue to pump it out at a profitable rate.

After all, Saudi Arabia is not just an oil producer, it is also an oil price setter.

It can charge a record premium for its oil, especially for American and European customers who are looking for alternatives to Russian crude. In fact, for Saudi Arabia, $100-a-barrel oil is already here.

Therefore, the answer to the question of when will the oil in Saudi Arabia run out is: not anytime soon.

And even if it does, Saudi Arabia will have other sources of income and energy to keep its economy and society running smoothly.

Unless, of course, something unexpected happens, like a war, a revolution, or a climate catastrophe.