In Oman Shell overbooked 250 million barrels of oil equivalent in reserves it expected to find in expansions of existing fields.
However, if Chesapeake is not able to develop its shale reserves as expected, there can be a downside to our forecasts.
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Growth, inflation, the balance of payments and foreign exchange reserves are all expected to show the effects of lost businesses and reconstruction costs.
The government then moved to take over MetroGas, the company in charge of gas distribution, for having interrupted such distribution as a result of the need to keep the reserves given increasing expected demands in the short run.
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There is also an exploration unit engaged in tie-ups with other mining companies to prospect for gold, diamond and coal (its main tin reserves at Bangka are expected to last only another decade).
Yet at the same time that such warnings are being issued, we celebrate the discovery of immense reserves of shale gas and expected low prices, figuring out how we can use it for our cars, trucks, power plants and exports.
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"We're urging all institutions to make sure their reserves are large enough to cover expected losses, " the FDIC's Bair said Thursday.
Reserves for losses from delinquent loans are expected to continue to drop, but so are profits from mortgage banking, he said.
In the recent past, Exxon has added considerably more natural gas than liquids to its reserves, with the demand for natural gas expected to increase at a faster rate than for crude oil.
With clarity expected, investors are pouring billions into UK waters, buying reserves and thus releasing capital for smaller explorers to keep drilling.
But some analysts question whether Russia will have sufficient reserves to supply the gas pipeline, given the expected decline in its production over the next 20 years and the lack of investment in new fields since the collapse of the Soviet Union in 1991.
Investors in Europe cashed out of gold en masse Friday amid concerns U.S. stimulus may come to an end earlier than expected, and following news Cyprus may sell a chunk of its gold reserves to fund part of its bailout package.
By accomplishing these dates, some reserves will be added to year end earnings reports, if all goes as expected.
The Territorial Army (TA) and other smaller units are expected to remain, although the MoD said an ongoing review was considering the future basing of reserves.
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With global consumption expected to rise to 87 million barrels a day next year and the universe of privately controlled reserves shrinking the hunt is on.
Of course, I should have expected nothing less from a Himalayan Kingdom that has set aside 60% of its land as protected nature reserves.
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