Most reliable reserve figures.

stu · Posted: Mon Feb 07, 2005 12:20 pm Post subject: Most reliable reserve figures.

Where is the best place to go to get good estimates of reserves, consumption and production?

I currently use the EIA website but I've read that they are way too optimistic with their figures.

NTBKtrader · Intermediate Crude Joined: Oct 19, 2004 Posts: 590

I would find about 3-5 sources and find a mean (average) to their collective figures. I would wager that no one is spot on.

DomusAlbion · Posted: Mon Feb 07, 2005 12:55 pm Post subject:

Since there is no independent international body that measures/estimates the amount or reserves, we can never be sure how much recoverable oil there is left. Most figures we have today are received from state owned oil companies and IMHO completely unreliable. The Gulf State and OPEC figures are particularly suspect. Evil or Very Mad

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Permanently_Baffled · Posted: Mon Feb 07, 2005 2:12 pm Post subject:

Such · Posted: Mon Feb 07, 2005 2:50 pm Post subject:

Colin campbell's databases are about as detailed as you could hope for... which is essentially based off of the oil and gas journal... which keeps a running track of reserves...

However, Oil and Gas only reports what companies and governments tell it.

maverickdoc · Intermediate Crude Joined: Jan 12, 2005 Posts: 826

The CIA?

Taskforce_Unity · Posted: Tue Feb 08, 2005 11:06 am Post subject:

Oil and Gas journal are the ones that i use. I know no better source of information..