2.Oil reserves were exaggerated.
Revision as of 22:24, 25 March 2005 by Lianzhuang Qu (talk | contribs)
Royal Dutch/Shell twice this year downgraded its proven oil reserves by 20 per cent, or nearly 4bn barrels. Other companies and even governments have hyped up the estimates of how much oil they have. Geologists and analysts have been saying for some time that estimates of global oil reserves may be dangerously exaggerated.