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92 comments on IHS Data Suggest Kuwaiti and Global Proved Oil Reserves Significantly Lower Than BP Estimates

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DelusionaL on November 18, 2006 - 10:33am Permalink | Subthread | Parent | Comments top
Euan Mearns,  
Thank you for posting.  I'm a bit confused with IHS owning CERA and CERA having there latest report that seems to have reserves 'inflated'.
The picture I'm starting to get is that there are a few people such as Mr Chew that are in the know and are getting worried.  Worried to the point that they are starting to break from the pack and try to get the word out.
Honestly, your post is less than comforting. I feel I must have that 'Bambi in the headlights' look on my face while I read this stuff.
I'm convinved that people at least in America will not "power down" of thier own free will.  "crywolf"- the humor is obvious. :( OMG what a mess.
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Euan Mearns on November 18, 2006 - 10:52am Permalink | Subthread | Parent | Comments top
I'm a bit confused with IHS owning CERA and CERA having there latest report that seems to have reserves 'inflated'.

So am I.

CERA are bearers of good news, and they get paid handsomly by those who wish to buy good news.

Objectivity and credibility are TOD objectives - objectivity is of course in the eye of the beholder.  One thing I learned is that IHS maintain a huge data base about which they are very proud.

To understand how that data base can be used to estimate global "reserves" and future production is another matter - open to debate.

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