If Shell was lying about their oil reserves then probably all of the oil compaines are lying about their reserves. Given that the stock and bond ratings for these oil companies are dependent upon oil reserves, it is reasonable to assume that they are exaggerating about what they've got. For years people have been saying that the oil runs out at around 2020. Our industrial society maybe setting itself up for a major screwing. It just occurred to me that people have been criticizing our government for allowing manufacturing (energy intensive activities) to leave the U.S. to cheaper foreign suppliers. Assuming energy costs are about to go through the roof, getting out of manufacturing might be an intelligent thing to do.

Gary