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  • 1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble? [View article]
    A very good read:

    www.simmonsco-intl.com...
    Jun 12 12:04 pm |Rating: 0 0 |Link to Comment
  • 1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble? [View article]
    The major problem with R/P ratios is that the P declines much faster than the R. The result is a rising R/P ratio but declining production. It is the rate of production that affects the price of crude, not the remaining reserves.
    Jun 12 11:54 am |Rating: 0 0 |Link to Comment
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