Heading Out

Seeking the winds that help to sail on Shakespeare's tide.

Thursday, July 29, 2004

Before I forget

In accumulating info on the problems we are going to see with oil in the next five years it is interesting to record the article today in the NYT Business section about Shell Oil Reserves. The worrying information is not the headline, which deals with the widely recognized overstatement of reserves, it is lower in the article where they point to the declining production of the company. As information on the other majors, who have the same problem, comes to the fore I will link to it. But it also explains why the problems with Russian oil may well affect us all, and why we need to be concerned

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