Since 2004 Saudi Aramco has been fighting declining oil output from megafields like 70-billion-barrel Ghawar by doubling the number of drilling rigs to 120 this year.
Since 1999, the five-fold increase in the number of dollars it takes to buy a barrel of oil has simply caught up to the five-fold increase in the number of dollars it takes to buy an ounce of gold.
Still, a number of things could go wrong from a fuse malfunctioning, a problem with the barrel's assembly to a round prematurely detonating inside the tube, he said.