Overreporting Oil Reserves
نویسندگان
چکیده
منابع مشابه
Overreporting Oil Reserves
An increasing number of oil market experts argue that OPEC members substantially overstate their oil reserves. While the economic implications could be dire, the incentives for overreporting remain unclear. This paper analyzes these incentives, showing that oil exporters may overreport to raise expected future supply, thereby discouraging oil-substituting R&D and improving their own future mark...
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Outline and summary • Oil company reserves disclosures are one of the most important pieces of information that the financial sector requires in order to analyse, compare and contrast the past and prospective operational performance of oil and gas exploration and production firms. • Recent reserves re-categorizations by several companies have only served to highlight the inadequacy of the publi...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1136863