End of oil age

[PrinceMS]

Re: End of oil age

Intresting … you might be right about having more oil than we are led to believe

The total amount of oil in an oil reservoir is known as oil in place. However, because of reservoir characteristics and limitations in petroleum production technology, only a fraction of this oil can be brought to the surface, and it is only this producible fraction that is considered to be reserves. The ratio of reserves to oil in place for a given field is often referred to as the recovery factor. The recovery factor of a field may change over time based on operating history and in response to changes in technology and economics. The recovery factor may also rise over time if additional investment is made in enhanced oil recovery techniques such as gas injection or water-flooding

Wiki says Saudi has 141 years left (with current production) followed by CANADA!