Michael Giberson At Toronto’s The Globe and Mail, Nathan Vanderklippe reported, “Low natural gas price casts doubt on ‘proven’ reserves.” He explains how rapidly falling natural gas prices can cause reserves to disappear. And, by the way, with higher prices reserves can just as quickly reappear. It isn’t magic. But the nature of oil and … More Natural Gas Reserves May Rapidly Disappear (and Later Reappear)
Michael Giberson The new U.S. gas triumphalists say the gas resource supply picture has changed, shale gas has saved us from importing lots of expensive LNG, we’ve got tons and tons of gas now and for years to come, and public policy ideas based on the idea of diminishing supplies of ever more costly gas … More Can We Count on Cheap Natural Gas for Decades to Come?
While it may be good for the SEC to revise its petroleum reserves reporting rules for other reasons, it won’t provide much in the way of help to investors. By the time the official version of reserves estimates is issued it is old news. Research by Richard Miller confirms this conclusion. … More Does Anyone Care About Oil and Gas Reserves Reports Included in Year-end Financial Statements?
The Securities and Exchange Commission has revised reporting requirements in order to reduce the effects of price volatility on reserves reported. … More Update: The Forthcoming Dramatic Fall of Reported Oil Reserves