SI
SI
discoversearch

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.
Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (40209)3/22/2004 2:37:14 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 89467
 
Arab OPEC oil supplies are roughly half lies, half oil

since 1994-95, several Arab nations announced suddenly nearly a double in oil reserves, without the benefit of any oil discovery

this was to facilitate higher production
lie on reserves, so they can increase production
OPEC is one major league lie

recall two downgrades by Royal Dutch Shell ?
their reserves are being honestly reported now
not so with OPEC

they have at least 100 billion barrels less than they claim
there is no such thing as reserve capacity
we have $37-38 crude oil prices with OPEC at nearly full capacity
this is unprecedented

China is the heavy demand buyer at the margin

LOOK FOR AN ENERGY CRISIS TO COINCIDE WITH A DOLLAR CRISIS

/ jim