Posts tagged “reserves growth”
Over the next two to three weeks, I am going to post a series of short articles utilizing graphics I created from the recently released 2012 BP Statistical Review of World Energy. Because I am working on the roll-out of a new product which will be geared specifically toward those with a financial interest in the world of energy (more on that in the coming days), I will take a break from my video blogs during this time, and catch up on accumulated questions after I finish this series.
World Oil Reserves Facts and Figures
The topic of this first article in the series is oil reserves. Just to review, an oil resource refers to the total amount of oil in place, most of which can’t be recovered. The proved oil reserve refers to the amount of oil that can be recovered economically with existing technology. More details can be found in Setting the Record Straight on U.S. Oil Reserves.