Egon_1 writes in this mornings news items:
RIYADH, 25 September 2005 — A new oil database, prepared with the help of seven major energy organizations and nearly 95 oil producing and consuming countries, including Saudi Arabia, will be published periodically after being released to the public near the end of this year. The database is prepared as part of a Joint Oil Data Initiative (JODI) by the International Energy Forum Secretariat (IEFS) and other energy organizations.
“The new database will promote data sharing and market transparency,” said Ambassador Arne Walther, IEF’s secretary-general, here yesterday. He said that the Riyadh-based IEFS was coordinating with major energy organizations to release the JODI World Database. Walther said that JODI was progressing satisfactorily with the help of “the participating countries, which account for over 95 percent of world oil production and consumption.”
My question;
Is this what Matt Simmons has been asking for? Will we have transparency finally? Or can they still submit fudged data?