OH%20Porter

OH%20Porter - Probability That Remaining Resources...

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USGS 1994 World Resources Assessment by Resource Category (billions of barrels) (A) Cumulative Production 699 (B) + (C) Identified Reserves 1103 (D) Undiscovered Reserves 582 (E) Sub-Economic Oil at Known Fields 3498 (F) Undiscovered Sub-Economic 1130 Estimated Original Oil in Place = A + B + C + D + E + F = 7012 billion barrels USGS 2000 World Resources Assessment by Resource Category (billions of barrels) (A) Cumulative Production 710 (B) + (C) Identified Reserves 1579 (D) Undiscovered Reserves 732 (E) Sub-Economic Oil at Known Fields 4443 (F) Undiscovered Sub-Economic 1421 Estimated Original Oil in Place = A + B + C + D + E + F = 8885 billion barrels
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Changes in U.S. Geological Survey Estimates of Remaining World Oil Resources
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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.

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OH%20Porter - Probability That Remaining Resources...

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