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Rather than just the single data point of "current oil reserves", you need to take the 1st derivative, and look at the rate of change in current oil reserves ov
by kbutler 12y ago
Rather than just the single data point of "current oil reserves", you need to take the 1st derivative, and look at the rate of change in current oil reserves over time.
It gives a dramatically different picture.
- flavor8 12y agoCan you provide a link to what you're hinting at?
- astrodust 12y agoSo far the delta in "estimated reserves" is tipping sharply negative because a lot of the glowy estimates by big producers such as Saudi Arabia are turning out to be nothing but wishful thinking and aren't based in reality.