Rat's Nest - Chronicles of Collapse Message Board

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Politics : Rat's Nest - Chronicles of Collapse

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To: see clearly now who wrote (11822)	2/9/2011 12:23:41 PM
From: Wharf Rat	Read Replies (1) of 24207

Phantom reserves. The higher your reserves, the more OPEC will let you pump under the quotas. Everybody did it. Reserves doubled overnight, without exploration. We knew that. Nothing new for peakers except the cables. Message 26171599 Euan Mearns-- Middle East OPEC Reserves Revisited-- December 3, 2010 Euan explains why Middle East OPEC reserves are likely overstated, and shows this chart of likely reserves at the 2P (that is, expected) level: theoildrum.com

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