<DrumBeat: December 30, 2008 The Oil Drum In this house, we obey the laws of thermodynamics!>

40 comments on New SEC Oil Accounting Rules

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ToucanSanctuary on December 29, 2008 - 9:15pm Permalink | Subthread | Parent | Comments top

LOL! Yeah and pretty soon we'll have No-Doc reserves!

TS

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Paul in Nevada on December 30, 2008 - 5:14am Permalink | Subthread | Parent | Comments top

More like No-Doc seismic. Trust us, it's there.

And negative depletion fields, the more you produce, the more you have in reserve.

Moody's and S&P can get into geological audits. They need something. "For $50k, we will give all the reserves you want."

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40 comments on New SEC Oil Accounting Rules

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| Show without comments | PDF version