Eastern European oil producers distort their number.
Colin Cambell, PhD in Geology from Oxford, former Geologist at Amoco and Texaco and Jean Laherrere, former Surveyor for Total
(French Oil Company), March, ‘98
(The End of Cheap Oil, Scientific American, Volume 278, Issue 3, p. Ebsco) [Bozman]
Regulators in most other countries do not enforce particular oil-reserve definitions. For many years, the former Soviet countries have routinely released wildly optimistic figures--essentially P10 reserves. Yet analysts have often misinterpreted these as estimates of "proved" reserves. World Oil reckoned reserves in the former Soviet Union amounted to 190 Gbo in 1996, whereas the Oil and Gas Journal put the number at 57 Gbo. This large discrepancy shows just how elastic these numbers can be.
Mexico’s already peaked.
Paul Roberts, Journalist, Finalist for the National Magazine Award, ‘4
(The End of Oil, p. 58) [Bozman]
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