Quote:
Originally Posted by w'or bobby
The auditing of public listed companies is one thing.
The reserves held by nation states are not independently audited - and account for the majority of claimed reserves.
There is good reason to doubt their #'s.
Geologists are the doubters, usually, economists the believers.
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This is true. In the late 80s, 6 OPEC members increased their reported reserves by between 42-197%, allowing them to increase their export quotas. This despite no new discoveries. Some may see that as suspicious.