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Commodities Briefing - Categorized | Oil, Research, Resources more

How reliable are OPEC estimates?

Posted on 27 October 2010

From Countercurrents.org: Through an accident of plate tectonics and other developments over geological time, most of the world’s remaining recoverable oil is situated around the Persian Gulf. This is unfortunate for us because we will thus never have a reasonable, universally agreed-upon estimate of the amount of oil left to produce.
Why talk about oil reserves at this point? Well, it seems that some Persian Gulf nations are now in a pissing contest over who has the most recoverable oil……………………………………….Full Article: Source


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VRS - who has written 36729 posts on Opalesque Commodities Briefing.


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