ripskii

Oil Manipulations Exposed

nerfer, you are accurate in your comments about the major mid-east reserve numbers. During the Iran-Iraq war, both countries magically increased their reserves 30%. At the same time Saudi Arabia also gained 30%. OPEC production quotas are tied to reported reserves which is a very reasonable policy for efficient reservior management. There is no SEC to punish breaches in truthfulness in their reported reserves as occurred to Shell when they were caught cooking their books with overstated reserves.