Welcome!, you probably have come here as the result of some advance publicity for our book, Crash 2: Survival Guide for the Next Great Depression.The purpose of this site is to support our book and to provide additional information on the coming economic and social disaster facing America.

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Forum	Topic	Replies	Views	Last Post
Investing Strategies	Talk about volatility...	1	372	1/23 16:23 mavin
Investing Strategies	Volatile Market	0	292	12/11 13:58 Bluto
Investing Strategies	Credit Crunch	2	687	2007/11/19 16:29 Lex
Investing Strategies	Failing dollar	0	351	2007/11/19 16:19 Lex
This Site	Planned Improvements	1	613	2007/7/2 12:02 Lex

Oil Reserves Posted by Lex (2007/7/10) It is pretty well known that many of the oil producing countries, especially in the Middle East, greatly exaggerate their oil reserves. This became a real problem when OPEC started keying the production their members were allowed to their stated reserves. The more reserves, the more production allowed. The obvious result was that almost immediately stated reserves shot way up. None of these claimed reserves are verified. Paris-based International Energy Agency (IEA), the energy watchdog of the Organisation for Economic Co-operation and Development (OECD) countries, warned in its latest medium-term oil market report that a market crunch is looming over around 2012, but some OPEC producers are breaking even more negative news. After a short analysis hype in the beginning of 2006, analysts have been forgetting to cover OPEC countries currently battling reserve issues. Read More...

[2007/4/30] Dow at 5,000? [2007/3/7] Tax Scams [2006/12/14] Oil consumption to increa...