1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble? [View article]
The major problem with R/P ratios is that the P declines much faster than the R. The result is a rising R/P ratio but declining production. It is the rate of production that affects the price of crude, not the remaining reserves.
Geologist: In Terms of Supply and Demand, the Oil Peak Is Past [View article]
1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble? [View article]
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1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble? [View article]