Re: Re: “When the well runs dry” – Irish Times series

As Shell discovered to their detriment overstating ‘proven reserves’ is very costly in the markets

If anyone remembers the dying days of Bula it fell on proven russian reserves sold by Mir investments. I am extremely sceptical of a lot of russian discoveries and as Shell are finding the costs of recovering the proven reserves can be huge.

A very good article that puts a lot of his previous work together in as concise a way as was possible.