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- Why the R/P Reserves to Production ratio does not show when oil will run out
Tag Archives: R/P ratio
Why the R/P Reserves to Production ratio does not show when oil will run out
Venezuela has an incredibly high oil reserves-to-production ratio This is calculated b dividing proved oil reserves by its annual production. That tells us how many years proved reserves would last if production stayed constant, and no new reserves were discovered … Continue reading
Posted in How Much Left, Peak Oil
Tagged R/P ratio, reserves to production ratio
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