USGS Optimistic on World Oil Prospects
- 14 July 2000
- journal article
- other
- Published by American Association for the Advancement of Science (AAAS) in Science
- Vol. 289 (5477) , 237
- https://doi.org/10.1126/science.289.5477.237
Abstract
According to the latest estimates by the U.S. Geological Survey, the world has 20% more oil awaiting discovery in yet-to-be-found fields than the USGS estimated 6 years ago. And a newly analyzed category--oil lurking in and around known fields--offers almost as much additional oil as in those undiscovered reservoirs. But even if the additional oil is really there, pessimists argue that it pushes back the global production peak--and the end of the era of cheap oil--by years, not decades.Keywords
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