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Unformatted text preview: Probability That Remaining Resources > x USGS 1994 World Resources Assessment USGS 2000 World Resources Assessment 95% 1395 billion barrels 1559 billion barrels 50% 1686 billion barrels 2311 billion barrels 5% 2108 billion barrels 3209 billion barrels Changes in U.S. Geological Survey Estimates of Remaining World Oil Resources Probability That Remaining Resources Will Last More Than x Years* USGS 1994 World Resources Assessment USGS 2000 World Resources Assessment 95% 50 years 55 years 50% 60 years 82 years 5% 72 years 114 years * Assumes annual world oil production of 28 billion barrels (2003 production level)....
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This note was uploaded on 12/09/2009 for the course ECON 132 taught by Professor Peters during the Spring '07 term at UCSD.
- Spring '07