So OPEC+ just brought in DeGolyer & MacNaughton to figure out what "maximum sustainable capacity" actually means. Yeah, the same guys who signed off on Saudi Aramco's reserves before that massive 2019 IPO. Translation? Those production quotas everyone's been working with? Turns out they might've been built on some pretty optimistic math. When you need the auditors who validated the world's biggest oil IPO to redefine your baseline capacity, that's basically admitting the old numbers were... let's say creative. Market implications? Could get interesting.
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PhantomHunter
· 11h ago
It's this trap again, just changing the numbers can fool people.
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CoinBasedThinking
· 12h ago
Hmm, isn't this just saying that the numbers need to be recalculated in a disguised way... The original production capacity base has always been inflated.
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rug_connoisseur
· 12h ago
Ngl, this is the common problem of TradFi, a change in numbers means something completely different...
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FlatTax
· 12h ago
Wait, does this mean that all the previous production data was p? How does oil price work then?
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quiet_lurker
· 12h ago
Laughing to death, it's this trap again, inflating the numbers and still having to find the same group of people to cover up the lie.
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GovernancePretender
· 12h ago
Ha, is DeGolyer out again? These people are digital wizards, haven't they forgotten about the Aramco incident?
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IntrovertMetaverse
· 12h ago
Wow, this is just a subtle admission of data inflation, really amazing.
So OPEC+ just brought in DeGolyer & MacNaughton to figure out what "maximum sustainable capacity" actually means. Yeah, the same guys who signed off on Saudi Aramco's reserves before that massive 2019 IPO. Translation? Those production quotas everyone's been working with? Turns out they might've been built on some pretty optimistic math. When you need the auditors who validated the world's biggest oil IPO to redefine your baseline capacity, that's basically admitting the old numbers were... let's say creative. Market implications? Could get interesting.