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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (15437)	12/4/2002 8:53:04 AM
From: Tommaso	Respond to of 206347

I wonder if that should be good for Suncor, since their feedstock will be cheaper.

To: Tomas who wrote (15437)	12/4/2002 8:57:12 AM
From: Tomas	Respond to of 206347

Based on the annual statistics made available by OPEC, Iraq reportedly owned 65 Billion Barrels of crude oil during 1983–1985 period. But it must not be forgotten that following the third oil shock and the ensuing rivalry amongst OPEC members over their market shares during 1985 to 1986, the criterion adopted for everyone’s quota was the quantity of their respective reserves. That is when Iraq’s reserves were suddenly reported to have reached 100 Billion Barrels! Interestingly enough, this figure kept being repeated until 1995 when it, once again suddenly, changed to 112 Billion Barrels! Strangely enough, during the entire period when Iraq’s reserves were reported to have nearly doubled the country was either totally entangled in war or was being penalized by the UN security Council sanctions! Naturally, the possibilities of any significant exploration being carried out were hardly there for Iraq. The registered statistics for Iraqi oil productions, available quite regularly ever since OPEC was established (1960), indicate that the country has used up at least 23 Billion Barrels of its reserves. ... Full article: Mythologizing Iraq's Oil (Analysis) Energy Economics (Monthly), December Issue qipc.net