The WSJ.com reports in a subscription only story that:
A new industry-backed report proposes to let the companies be the best judge of their own stores of oil and gas rather than use a strict formula imposed by the Securities and Exchange Commission. The companies argue that the SEC’s method — intended to provide investors with apples-to-apples comparisons — is archaic and arbitrary, and undercounts the amount of energy on tap for the future.
Accountability is so much easier when you are counting things yourself. Just ask Saudi Arabia and it’s oil reserve accounting.