PPRuNe Forums - View Single Post - Abundant Oil - will it last your career?
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Old 21st June 2007 | 10:26
  #8 (permalink)  
DJRC
 
Joined: Aug 2006
Posts: 28
Likes: 0
From: Canada
Interesting comment, but don't forget, the amount of oil a country is allowed to export is linked to their oil reserves. Some would argue that many of the OPEC countries are grossly exaggerating their reserves so as they can export more and maintain the wealth status that they have become used to. If the reserve estimates were cut, so would the exports and more importantly, the revenue. Before you know it, you'd have A380 flying palaces being cancelled in favour of small business jets and no self respecting Sheikh wants that.
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