Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: upanddown who wrote (31625)	11/9/1998 8:56:00 PM
From: Rob Shilling	Read Replies (1) of 95453

The 300 million barrels of missing oil: I have read on a few other message boards that the 300 million barrels are an accounting error. Supposably demand from asia was underestimated and supply to asia was overstated. I haven't found an article yet, but the posters say this was said on CNBC. If this is true (I have no confirmation), is this not HUGE for oil prices? And if it is true, isn't it an unprecedented mistake with the oil supply calculations?

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