Between 1985 and 1990, Saudi Arabia increased oil production by 6 million bbl/d at a time when the world was using 60 million bbl/d.
Funny. You pulled that one all the way out to the elbow from the nether regions.
I was working in Saudi Arabia in 1985.
Their oil production was 10 million barrels a day, at that time. They were shutting down proposed projects in the empty quarter and were moth balling Kurais1-4, Abu Jifan, Mazalij, and Qirdi during pre-commissioning. The production in the new fields was underwhelming and thought not to be economical. They did not increase production by 6 million barrels between 1985 and 1990. Quite the opposite happened. They began reducing production.
During Gulf War 1, Saudi Arabia did quite extensive damage to their oil production capacity by over producing in the Ghawar oil field.
I know all about Saudi Arabia, however your response has nothing to do with anything, inclusive of reality or economics.
A couple observations about you now.
1. English is not your primary language.
2. You are very new here.
3. All of your posts (posting history) are anti-fracking.
4. Your arguments at best are irrational and politically based testimonials.
5.
Prince Alwaleed bin Talal does not agree with your anti-fracking opinions.
Based on these observations I have a couple questions for you.
Do you worship the moon god or are you a liberal arts student? Neither of those questions are necessarily exclusive of the other.
I'm sorry but you are wrong
David Frum, former speech writer for George Bush : "In 1985, the Reagan administration persuaded Saudi Arabia to increase oil production. Between 1985 and 1986, Saudi Arabia increased oil production from two million barrels a day to five million barrels".
Precisely, David Frum is speaking about Saudi Arabia's crude oil exports. Because, in the 80s, Saudi Arabia consumed 1 million barrel per day.