Saudi Arabia going dry?

This article observes that oil production by Saudi Arabia has declined 8% in 2006. Respondents to the article project oil jumping over $100 by this summer. Might be a good opportunity to go long. Heck, if a person didn't want to gamble on a futures contract, today they could pick up a deep in-the-money call option on August crude at $95 for just $140. If crude actually hit $100 before the option expires, that $140 could return over $5500, a return of over 3,900%. (Of course, that's a whole lot like betting on the 40:1 long shot at the dog track, but what the heck).