Reserves are a very small sub-set of resources.
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Reserves are a very small sub-set of resources. Reserves take years of development drilling to become supply. Proved undeveloped reserves may never be developed. - PowerPoint PPT Presentation
Transcript of Reserves are a very small sub-set of resources.
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1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
World Oil ProductionMillions of Barrels Per Day (Crude + Condensate)
Source: U. S. Energy Information Administration
38.9 41.4 44.7 45.6 45.6 45.0 45.2 43.0 43.3 43.72002 2003 2004 2005 2006 2007 2008 2009 2010 2011
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Mill
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ayGlobal Net Exports
Top 33 Net Exporters (Total Petroleum Liquids)
Slide 9Labyrinth Consulting Services, Inc. Duke University Nicholas School of the Environment
• Reserves are a very small sub-set of resources.• Reserves take years of development drilling to become supply.• Proved undeveloped reserves may never be developed.
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1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
World Total Liquids ProductionMillions of Barrels Per Day
Source: U. S. Energy Information Administration
