I can't help but wonder about CERA's proprietary IHS database. Does the word "database" give the prognostications credence or is this just another "man behind the curtain" (overused, but appropriate in this case IMHO).
First they say "The peak...proponents have not made available a [b]transparent[/b] and detailed analysis that would allow an objective and rational discussion."

Later they say "CERA draws both on its own data bases and those of its parent company IHS, which has the world's most complete [b]proprietary[/b] data bases on oil production and resources."

Bart further notes that "the short report cited by this press release is not publicly available (the 16-page PDF is sold for $1000."

The IHS database is THE industry database, with Wood MacKenzie catching up. The best information about all the international oil companies field's is in there. IHS was formerly 'PetroConsultants', Colin Campbell's one time employers.

As regards OPEC members, the information in the database is what OPEC tell them. If Saudi Aramco drill a well and say they found 400 million barrels, then they stick 400 million barrels in the database (plus a bit more because anything in Saudi Arabia must be good). Apparently the Saudi's have eighty undeveloped fields. The database says so, so it must be true.

cheers
Phil
from Aberdeen to Melbourne, Oz.