How many years left for the practical...

How many years left for the practically extractable world oil supply?

Posted in the Top Stories Forum

Oil Supply

Philippines

#1 Aug 31, 2012
Some oil deposits are still not practical to extract.

Since: Oct 12

Balikpapan, Indonesia

#2 Oct 8, 2012
According to BP’s Statistical Review of World Energy (pdf), released on wednesday, we still have 1,333 billion barrels out there to pump, enough for 40 years at current usage. Great – nothing to worry about right now… if you believe BP. According to Jeremy Leggett, BP’s chief economist literally laughed off a question about peak oil at the launch press conference.

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