Peak Oil - Not If but When Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Peak Oil - Not If but When

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: veritas501	12/7/2009 8:35:22 PM
	of 129

One of the serious issues facing the world is the reliability of OPEC's oil reserve estimate. In the 1980s, OPEC decided to set export quotas based on the oil reserves of its member countries. The larger your oil reserve, the larger your export quota. Funny enough, just at this time many countries in OPEC adjusted their oil reserve estimates higher. Just a coincidence? Because OPEC's member countries have nationalized oil companies, their oil reserve estimates are state secrets, so OPEC is not talking. Here are 2 graphs showing these revisions: theoildrum.com oilempire.us

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next