Ninety-five percent of the activity of Oxalic Acid from the year 1950 is equal to the measured activity of the absolute radiocarbon standard which is 1890 wood.
This is the International Radiocarbon Dating Standard.
Thus, it dilutes the activity of the lake meaning that the radioactivity is depleted in comparison to 14C activity elsewhere.
The lake, in this case, has a different radiocarbon reservoir than that of the majority of the radiocarbon in the biosphere and therefore an accurate radiocarbon age requires that a correction be made to account for it.
It is produced in the upper atmosphere by radiation from the sun.
Implicit in the Conventional Radiocarbon Age BP is the fact that it is not adjusted for this correction.
The Oxalic acid standard was made from a crop of 1955 sugar beet. The isotopic ratio of HOx I is -19.3 per mille with respect to (wrt) the PBD standard belemnite (Mann, 1983). T designation SRM 4990 C) was made from a crop of 1977 French beet molasses.
The Oxalic acid standard which was developed is no longer commercially available. In the early 1980's, a group of 12 laboratories measured the ratios of the two standards.
That causes a dating problem with any animal that eats seafood. After about ten half-lives, there's very little C14 left.
So, anything more than about 50,000 years old probably can't be dated at all.