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Interesting to see the table of changing OPEC reserves over time, and the dramatic increases totalling around 300 billion barrels during the late 1980s.

Presumably much of this increase was a game aimed at maintaining production quotas within OPEC?

Is there a legitimate explanation for these seemingly competitive increases - or do these barrels not exist?

by Nick Oz on Sun Jul 9th, 2006 at 03:15:22 AM EST

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