Proven oil reserves are those that have a reasonable certainty of being recoverable under existing economic and political conditions, with existing technology.
- WorldAtlas
The volatility in oil prices over the past decade has created plenty of concern for businesspeople, national governments, and global policymakers alike.
With such uncertainty in pricing, coupled with environmental concerns as our world’s appetite for fossil fuels grows, the questions of whether there are enough petroleum oil reserves to satisfy demand, and what the…
In order to shed more light into a somewhat ambiguous subject, we have profiled the…