View Single Post
Old 07-01-2014, 09:13 AM  
crockett
in a van by the river
 
crockett's Avatar
 
Industry Role:
Join Date: May 2003
Posts: 76,806
BP claims there is roughly 53 years of oil left

BP (ticker BP ) has provided an intriguing update to its global oil reserves estimate in the company's latest yearly review of energy statistics. BP raised its reserve estimate by 1.1% to 1,687.9 billion barrels, which is enough oil to last the world 53.3 years at the current production rates. However, there's likely a lot more oil left in the tank beyond what BP sees today.

Continued @ http://www.usatoday.com/story/money/...left/11528999/

As the article states they could of course be wrong, but even if there is two times as much and it last 100 years, that's not a long time when you think about it.
crockett is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote