Kuwait stated oil reserves not true if resent publications are to be believed. See link below
If any agency uses false figures to project available oil do you think they may have the dates wrong?
So some one fudged the figures in Kuwait. Don’t panic no other country would be greedy enough to lie about there reserves to get more production quota or keep the market from panicking/collapsing or looking for cheaper alternatives. Why should we there is decades of cheap oil left so it would not be cost effective to do so.
Every one stop being interested, and carry on as normal, oh look the deck chairs need rearranging to see the pity iceberg
Another bit to add to the oil thing
Kuwait stated oil reserves not true if resent publications are to be believed. See link below
If any agency uses false figures to project available oil do you think they may have the dates wrong?
So some one fudged the figures in Kuwait. Don’t panic no other country would be greedy enough to lie about there reserves to get more production quota or keep the market from panicking/collapsing or looking for cheaper alternatives. Why should we there is decades of cheap oil left so it would not be cost effective to do so.
Every one stop being interested, and carry on as normal, oh look the deck chairs need rearranging to see the pity iceberg
Kuwait Confession
http://www.peakoil.ie/newsletters/688
Brent rises $2 after Kuwait reserve report
http://today.reuters.com/news/newsA...