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And there is a further obstacle: the Saudis will not let outsiders audit their confidential data on reserves and production.
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That presents a logistical nightmare for foreigners trying to do business in Russia, where, according to the law, they are forbidden from even looking at statistical data on energy reserves.
Moreover, the data on functional reserve provided by the CGA may help to predict the patient's ability to tolerate specific cancer treatments.
The standard needs strengthening, for instance by providing more timely data on foreign-exchange reserves and complete data on forward transactions by central banks.
Oil closed at another peak of $144.14 a barrel on July 2nd, because of disappointing data on American crude reserves, and lingering fears that sabre-rattling between Israel and Iran might lead to conflict in the Persian Gulf.
Petroleum Intelligence Weekly,a leading industry publication, has put forward a controversial proposal: that the majors voluntarily disclose data on all their reserves, broken down field by field across the world.
The data on iron ore reserves, iron and steel productions and consumptions have been used in the models.
Soon, Remp says, the Azeris were sharing "mind-blowing data" on their oil reserves with him and were asking him to find Western partners.
For example, when the duo looked at data on 55 forested reserves, they found that those with a 4% average annual population growth rate suffered more than 5% loss of forests, and those with a 2% average population growth rate lost less than 5% of forest.
The government is said to be sensitive to foreign firms having access to exact data on Russia's oil reserves.
This involves getting accurate data on the actual gas reserves of Gazprom, the state-run energy monopoly, and the extent of Russian investment in Central Asia.
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