Global Oil Reserves – At The Current Rate of Production Will We Run Out in 53.3 Years?
BP’s annual report on proved global oil reserves states as at 2013 Earth has nearly 1.688 trillion barrels of crude, which will last 53.3 years at current rate of extraction. Global energy markets are in a state of flux, both supply and demand are changing in profound ways. Industrial factors in demand are depleting. The […]
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