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Peak Oil

louis-t

(23,309 posts)

1. This goes back to OPEC allowing countries to produce based on 'stated reserves'.

Reply to Javaman (Original post)

Fri Oct 5, 2012, 12:26 PM

Oct 2012

They were trying to keep prices up, their members were allowed to produce a percentage of 'stated reserves' that were never verified. A lot of them inflated the numbers so they could produce more.

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Opec believed to overstate oil reserves by 70% [View all] Javaman Oct 2012 OP

This goes back to OPEC allowing countries to produce based on 'stated reserves'. louis-t Oct 2012 #1

And still the people sleep 4dsc Oct 2012 #2

Latest Discussions»Retired Forums»Peak Oil»Opec believed to overstat...»Reply #1