The Oil Drum | What would we have predicted for Kuwait?

90 comments on What would we have predicted for Kuwait?

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Chris Vernon on January 21, 2006 - 5:03am

If the Reuters report is accurate this news could be quite seismic.

Seismic indeed since if

true not only was the Kuwaiti revision an illusion, nothing more than an economic fiddle but it is also likely that all the other OPEC revisions are similarly without merit and today is the day we learn the world has a lot less oil than we though and that global peak oil must occur imminently.
Kuwaiti Reserve Reverse

And Campbell has been right all along.

Fantastic work Stuart!

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light299 on January 21, 2006 - 11:59am

Wow, oil prices are going to jump on Monday

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Nate Hagens on January 21, 2006 - 12:27pm

This news hit early on Friday so alot of traders were already aware of it. True, the weekend may spread the understanding of the implications...

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90 comments on What would we have predicted for Kuwait?

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