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It is somewhat suspicious that those amounts to be developed or found just happen to provide a flat line graph of constant supply.

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 9th, 2010 at 07:59:02 PM EST
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...is that they don't even try to pretend that existing fields plus those in magic pony land add up to increased production. Which they would do if the data gave them the feeblest leg to stand on. They are probably showing the most favourable 97.5%-ile of the estimated distribution of outcomes.

I'd love to be a fly on their wall.

by PIGL (stevec@boreal.gmail@com) on Tue Nov 9th, 2010 at 11:24:15 PM EST
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You can call it an honest mistake in that they didn't try to hide their tracks. Though maybe it's just a feeling of impunity.

Had they put the "to be developed or found" on the top of the other quantities it would have been difficult to realise that the amount was just so that the total amount of crude oil is a constant.

Of all the ways of organizing banking, the worst is the one we have today — Mervyn King, 25 October 2010

by Carrie (migeru at eurotrib dot com) on Wed Nov 10th, 2010 at 04:05:27 AM EST
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