In: Economics
You are a junior energy analyst at a large financial firm. The small nation of Slobovia has just announced the probable existence of a large deposit of tight natural gas beneath its central plain. You immediately start crunching the available numbers in order to update the company’s estimate of Slobovia’s natural gas reserve. However, after commending your analysis your immediate supervisor puts a hold on any update of the company’s figures. For what reason has she done this? What conditions will have to be satisfied before estimates of Slobovia’s natural gas reserve can be updated?