World Oil Resources, Reserves and Production

Peter R. Odell

The Energy Journal, 1994, vol. 15, issue 1_suppl, 89-114

Abstract: Recent estimates of limited oil resources as constituting a constraint on the future of oil, lack validity. The issue is unimportant for the oil market for 50 years. Similarly, fears for the adequacy of annual additions to reserves are unfounded: the world is running into oil, not out of it.

Keywords: Oil supply; OPEC; OECD; oil reserves; security of supply (search for similar items in EconPapers)
Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:sae:enejou:v:15:y:1994:i:1_suppl:p:89-114

DOI: 10.5547/ISSN0195-6574-EJ-Vol15-NoSI-6

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