Planning, Policy, Strategy and Energy, Part I

A COUPLE OF months ago, I wrote an article in Whiskey & Gunpowder entitled "Things Just Got Worse" (Jan. 25, 2006) concerning a major downward revision to the estimate of oil reserves in Kuwait. My sense of doom and gloom was prompted because if the downward revisions to the Kuwait numbers are true, the world's total proven oil reserves just decreased by around 50 billion barrels, or 5%.

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