Koniec bajki o szatach gołego
/ 159.205.179.* / 2015-12-14 12:20
Koncerny naftowe będą odpisywać rezerwy zasobów jakich w ogóle nie mieli, ale udawali że mają na początku boom'u, żeby naciągnąć frajerów z gotówką na inwestowanie w straty.
Billions of Barrels of Oil Vanish in a Puff of Accounting Smoke
Companies such as Chesapeake, founded by fracking pioneer Aubrey McClendon, pushed the Securities and Exchange Commission for an accounting change in 2009 that made it easier to claim reserves from wells that wouldn’t be drilled for years. Inventories almost doubled and investors poured money into the shale boom, enticed by near-bottomless prospects.
But the rule has a catch. It requires that the undrilled wells be profitable at a price determined by an SEC formula, and they must be drilled within five years.
Time is up, prices are down, and the rule is about to wipe out billions of barrels of shale drillers’ reserves. The reckoning is coming in the next few months, when the companies report 2015 figures.