RD - About the Quota - It seems to me that oil reserves have always been as good as gold for the company who proves and owns them thus why did the American owners of Aramco show less then 100 billion barrels on the books before SA nationalized in the 1970's?
Are we to suspend logic and believe that they were not greedy all of a sudden?
That really doesnt make sense to me and even though I understand completely p1 p2 p3 etc etc I still have a hard time believing that is the case.
Funny all this was going on right about the same time America was awakening to the cruel realities of its own Peak.
I cannot escape the implications of geopoltics upon the logic for nationalizing SA oil.....and then the subsequent glut of the oil market which can be said led to the rapid demise of Soviet Russia.
The history of oil and the world tells us something completely different yet I appreciate your comment nonetheless.
Could you comment on your beliefs outside of Geology based on what I have just observed please?
I would also like to know if the large finds were in places where you would expect oil to be or was the large or even medium finds in places that you normally would not find oil?
How much oil has been found in "normal" places vs. places where we normally would not look?
Lastly I have asked this on another thread - how have predictions vs. production went for most oil basins?
When they predicted for instance 12bb for one area - did it peak at 6bb or at 12bb/.7URR/.5 peak= 4.2bb? minus some for liquids...?
I know someone that works in this field, who is experienced in this field and who does not "do" PO as a hobby could provide the answers without much thought or effort
Monte - looking for the 6to1 or 7to1 data now - I think that was 2Q 2005 - 2Q 2006 data.....looking.
Ok this is just my hobby and after searching I cant find anything but the 4-1 yet I know I read it somewhere....
Wonder what RD thinks the ratio is now
Like I told Spike - checks in the mail
It is easier to enslave a people that wish to remain free then it is to free a people who wish to remain enslaved.