Category: Science > Earth Sciences
Asked by: marinibug-ga
List Price: $20.00
05 Aug 2006 17:44 PDT
Expires: 04 Sep 2006 17:44 PDT
Question ID: 752966
What are the world's total oil reserves?
Re: Oil reserves
Answered By: bobbie7-ga on 05 Aug 2006 18:17 PDT
Hello Marinibug, According to the Energy Information Administration's International Energy Outlook 2006, the world's total oil reserves are estimated at 1,293 billion barrels. ?As of January 1, 2006, proved world oil reserves, as reported by Oil & Gas Journal, were estimated at 1,293 billion barrels?15 billion barrels (about 1 percent) higher than the estimate for 2005? Release Date: June 2006 International Energy Outlook 2006 http://www.eia.doe.gov/oiaf/ieo/oil.html See Figure 28 World?s Crude Oil Reserves, 1980-2006 http://www.eia.doe.gov/oiaf/ieo/figure_28.html Download data in EXCEL http://www.eia.doe.gov/oiaf/ieo/excel/figure_28data.xls See Table 4 Estimated World Oil Resources, 1995-2025 http://www.eia.doe.gov/oiaf/ieo/pdf/tbl4.pdf Search terms: World?s total oil reserves billion barrels I hope the information provided is helpful! Best regards, Bobbie7
rated this answer:
Very helpful - thanks.
Re: Oil reserves
From: jack_of_few_trades-ga on 07 Aug 2006 05:32 PDT
Also note that it is in the best interest of oil producing countries to make it seem like oil is running low. If Saudi Arabia pours a lot of money into finding more oil under their desert and then they release their findings then the price of oil will fall to some degree... then Saudi Arabia would make less money selling their oil. So there is likely more oil around than oil rich countries would like us to believe.
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