Thread: Oil, again
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  #22  
Old 09-08-2005, 07:56 AM
frizzfreeling frizzfreeling is offline
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Join Date: Sep 2003
Posts: 58
Default Re: Whose fiqures?

OPEC members are not governed by the SEC. We have nothing other than their "word" stating how much they have in reserves. What is fishy to many people about this is the huge jump in the 80's of reported reserves by these countries. This came around just after OPEC decided to alot production of its members based on their reported reserves. So, if you are a member of OPEC and want to pump more than your fair share of oil, you just have to report higher reserves. Look at a graph of reserve history for OPEC countries and you will see this little "anomaly".
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