Guest jrmfl Posted January 9, 2004 Report Share Posted January 9, 2004 Proven reserves are becoming ... unproven. Is this progress? Shell Cuts 'Proven' Reserves After Reassessing Projects Value of Oil and Gas Reserves Reduced by 20% LONDON -- The Royal Dutch/Shell Group of Cos. said Friday that it is downgrading the categorization of 20% of its "proven" oil and gas reserves after reassessing the maturity of some of its projects. Shell said it was recategorizing 3.9 billion barrels of oil equivalent -- or 20% of proved reserves as stated at Dec. 31, 2002. They were being reclassified as "scope for recovery," spokesman Andy Corrigan said. The new category means that although the same volume of hydrocarbons is believed to be present, the development of the projects is not mature enough for them to qualify as proved reserves. progress is found in the trunk of a toyota prius? or a chinese panda prius? proven, probable and projected. the numbers do not lie, people do. someone had better invent a nookclear powered "ginger". 25 years or so? interesting how that russia pipline deal wafts back n forth between japan and china. china & japan are fighting over oil from remote east siberian fields that russia is readying for development. billions on a pipeline that will make ours look tiny. japan and china are fighting over where that pipeline will go. china's industrial heartland, or to a new deep-water oil terminal one day?s tanker cruise from the land of the setting sun. china is slated to overtake japan as the world's second largest oil consumer late next year and surpass us by 2030. amazing, but i doubt japan's going to gain the upper hand, the demand pull dynamics are too obvious. they'll be placated, of course, having kicked in billions in dollars... but then again... follow the money. Link to comment Share on other sites More sharing options...
machinehead Posted January 9, 2004 Report Share Posted January 9, 2004 Republic credits are no good here...only money... The eye on the Masonic pyramid stares balefully northward at Hypertiger: Yanks will see your tax data Link to comment Share on other sites More sharing options...
Butterfield 8 Posted January 9, 2004 Report Share Posted January 9, 2004 Hyper - do you have a link for this website deal? Link to comment Share on other sites More sharing options...
Hypertiger Posted January 9, 2004 Report Share Posted January 9, 2004 Hyper - do you have a link for this website deal? Not yet. I'll be looking for it...I think it will be part of thre Homeland security department...I'll compile as much info as I can today on it... Link to comment Share on other sites More sharing options...
seamus Posted January 9, 2004 Report Share Posted January 9, 2004 +1k and 5.7% Link to comment Share on other sites More sharing options...
Bearman Posted January 9, 2004 Report Share Posted January 9, 2004 jobs = +1k LOL Link to comment Share on other sites More sharing options...
purdymouth Posted January 9, 2004 Report Share Posted January 9, 2004 baahahahaha jobs report high five Link to comment Share on other sites More sharing options...
Idumpdaily Posted January 9, 2004 Report Share Posted January 9, 2004 What happened to the white flag waving hidden gun touting Iraqis?The US/Brit Uniforms that were bot by Saddam? The jets that were able to reach the US and spray WMD(Bush speach Cinn. Ohio) They were all part of the fabrication of the lastest Wag the dog scenairo. Link to comment Share on other sites More sharing options...
seamus Posted January 9, 2004 Report Share Posted January 9, 2004 Bonds ripping..tens 4.14 Link to comment Share on other sites More sharing options...
GregFokker Posted January 9, 2004 Report Share Posted January 9, 2004 A VERY satisfying slash printing on my intraday charts, bull blood to run like a tidal wave down Wall St... Link to comment Share on other sites More sharing options...
Lock Limit Down Posted January 9, 2004 Report Share Posted January 9, 2004 HYPER You are da man! Here come lower mortgage rates Link to comment Share on other sites More sharing options...
Bearbones Posted January 9, 2004 Report Share Posted January 9, 2004 The "alternative measure" of labor utilization, (the unsanitized version), came in with an unemployment rate of 9.6%. http://www.bls.gov/news.release/empsit.t12.htm Link to comment Share on other sites More sharing options...
seamus Posted January 9, 2004 Report Share Posted January 9, 2004 $ crashing to new lows Link to comment Share on other sites More sharing options...
machinehead Posted January 9, 2004 Report Share Posted January 9, 2004 Forensic commentators on M2M were right -- they had to prop the T-bones with a weak payroll number, to save the housing market. Meanwhile the 5.7% headline rate will keep the peeps content. It's a win-win! "Fleecing the sheeple is too easy, boss. We need new challenges ..." Link to comment Share on other sites More sharing options...
Guest jrmfl Posted January 9, 2004 Report Share Posted January 9, 2004 if non-residential fixed investment as a % of GDP is a proxy for corporate spending... cap-ex cuts should widen to extreme's not seen since the big one. may / june should be about right. the most recent round of debt & equity stuffage is truly without precedent. risk isn't being offloaded into out-space, it's merely shifted more of that load to you and i. well, in truth, a greater load has been placed on those unhedged. but, in any event, this transfer effect should begin to quickly manifest itself in the cyclicals, and perhaps that is the last gasp we are witnessing in the transports. for all the criminality, corporations recognize the broader impacts. it's difficult to envision the most recetn dramatic decline in durables as healthy. the market is a discounting mechanism, or so it is said. what do you see when you look out ahead six months? Link to comment Share on other sites More sharing options...
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