THE FINAL TRUTH ABOUT WORLD'S OIL RESERVES ENDING

Patrick Gensau

All Rights Reserved

A GOOD CAUSE

According to various " World's Oil Experts concerning World's Oil Reserves

We still have approximately " 1 0 years "
left before the end of all world's "oil reserves "...

The end of oil is closer than you think

Oil production could peak next year, reports John Vidal. Just kiss your lifestyle goodbye

Oil reserves

From Wikipedia, the free encyclopedia

Proven Oil Reserves, as published by the CIA Factbook, 2009

Oil reserves are the amount of technically and economically recoverable oil. Reserves may be for a well, for a reservoir, for a field, for a nation, or for the world. Different classifications of reserves are related to their degree of certainty.

The total estimated amount of oil in an oil reservoir, including both producible and non-producible oil, is called oil in place. However, because of reservoir characteristics and limitations in petroleum extraction technologies, 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 producible oil reserves to total oil in place for a given field is often referred to as therecovery factor. Recovery factors vary greatly among oil fields. The recovery factor of any particular 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, surfactants injection, water-flooding,^[1] or microbial enhanced oil recovery.

Based on data from OPEC at the beginning of 2011 the highest proved oil reserves including non-conventional oil deposits are in Venezuela (20% of global reserves), Saudi Arabia (18% of global reserves), Canada (13% of global reserves), and Iran (9%).^[2]

Because the geology of the subsurface cannot be examined directly, indirect techniques must be used to estimate the size and recoverability of the resource. While new technologies have increased the accuracy of these techniques, significant uncertainties still remain. In general, most early estimates of the reserves of an oil field are conservative and tend to grow with time. This phenomenon is called reserves growth.^[3]

Many oil-producing nations do not reveal their reservoir engineering field data and instead provide unaudited claims for their oil reserves. The numbers disclosed by some national governments are suspected of being manipulated for political reasons.^[4]^[5]

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'Peak Oil' Concerns Should Ease, Experts Predict

According to :

July 10, 2013

Science News

... from universities, journals, and other research organizations

— Fears of depleting Earth's supply of oil are unwarranted, according to new research, which concludes that the demand for oil -- as opposed to the supply -- will reach its own peak and then decline.

	Country	Production(bbl/day)	Share of World %	Date of Information
—	World	84,820,000^[6]	100%	2011 est.
1	Russia	10,900,000	13.28%	2013 est.^[7]^[8]
2	Saudi Arabia	9,900,000	12.65%	2013 est.^[7]^[9]
3	United States	8,453,000	9.97%	2013 est.
4	Iran	4,231,000	4.77%	2013 est.
5	China	4,073,000	4.56%	2013 est.
6	Canada	3,592,000	3.90%	2013 est.
7	Iraq	3,400,000	3.75%	2013 est.
8	United Arab Emirates	3,087,000	3.32%	2013 est.
9	Venezuela	3,023,000	4.74%	2013 est.
10	Mexico	2,934,000	3.56%	2013 est.
11	Kuwait	2,682,000	2.96%	2013 est.
12	Brazil	2,633,000	3.05%	2013 est.
13	Nigeria	2,525,000	2.62%	2013 est.
14	Norway	1,998,000	2.79%	2013 est.
15	Algeria	1,885,000	2.52%	2013 est.
16	Angola	1,840,000	2.31%	2013 est.
17	Kazakhstan	1,635,000	1.83%	2013 est.
18	Qatar	1,631,000	1.44%	2013 est.
19	United Kingdom	1,099,000	1.78%	2011 est.
20	Colombia	1,011,992	0.97%	2013 est.
21	Azerbaijan	987,000	1.20%	2011 est.
22	Indonesia	982,900	1.66%
23	India	897,300	1.04%	2013 est.
25	Oman	890,500	0.95%	2013 est.
26	Argentina	796,300	0.93%	2013 est.
27	Malaysia	693,700	0.82%	2013 est.
28	Egypt	680,500	0.80%	2013 est.
29	Libya	502,400^[10]	0.59%	2013 est.
30	Ecuador	485,700	0.58%	2013 est.
31	Australia	589,200	0.70%	2013 est.
32	Syria	400,400	0.48%	2013 est.
33	Thailand	380,000	0.45%	2013 est.
35	Equatorial Guinea	346,000	0.41%	2013 est.
36	Vietnam	300,600	0.36%	2013 est.
37	Yemen	288,400	0.34%	2013
38	Taiwan	276,800	0.33%	2009
39	Congo, Republic of the	274,400	0.33%	2009
40	Denmark	262,100	0.31%	2009
41	Gabon	241,700	0.29%	2009
42	Turkmenistan	197,700	0.22%	2009
43	South Africa	191,000	0.22%	2009
44	Germany	156,800	0.19%	2009
45	Trinidad and Tobago	151,600	0.18%	2009
46	Peru	148,000	0.17%	2009
47	Italy	146,500	0.17%	2009
48	Brunei	146,000	0.17%	2009
49	Japan	132,700	0.16%	2009
50	Romania	117,000	0.14%	2009
51	Chad	115,000	0.13%	2009
52	Sudan	111,700	0.13%	2009
53	Ukraine	99,930	0.12%	2009
54	Timor-Leste	96,270	0.11%	2009
55	Tunisia	91,380	0.11%	2009
56	Cameroon	77,310	0.09%	2009
55	Uzbekistan	70,910	0.08%	2009
56	France	70,820	0.08%	2009
57	New Zealand	61,150	0.07%	2009
58	Suriname	59,190	0.07%	2009
59	Pakistan	59,140	0.07%	2009
60	Cote d'Ivoire	58,950	0.07%	2009
61	Netherlands	57,190	0.07%	2009
62	Turkey	52,980	0.06%	2009
63	Bahrain	48,560	0.06%	2009
64	Cuba	48,340	0.06%	2009
65	Korea, South	48,180	0.06%	2010
66	Bolivia	47,050	0.06%	2010
67	Papua New Guinea	35,090	0.04%	2009
68	Poland	34,140	0.04%	2009
69	Belarus	31,400	0.04%	2009
70	Spain	27,230	0.03%	2009
71	Croatia	23,960	0.03%	2009
72	Austria	21,880	0.03%	2009
73	Hungary	21,430	0.03%	2010
74	Burma	18,880	0.02%	2009
75	U.S. Virgin Islands	16,870	0.02%	2009
76	Mauritania	16,510	0.02%	2009
77	Congo, Democratic Republic of the	16,360	0.02%	2009
78	Guatemala	13,530	0.02%	2009
79	Serbia	11,400	0.01%	2010
80	Belgium	11,220	0.01%	2009
81	Czech Republic	10,970	0.01%	2009
82	Singapore	10,910	0.01%	2009
83	Chile	10,850	0.01%	2009
84	Philippines	9,671	0.01%	2010
85	Finland	8,718	0.01%	2009
86	Estonia	7,600	0.01%	2009
87	Ghana	7,081	0.01%	2009
88	Greece	6,779	0.01%	2009
89	Lithuania	6,333	0.01%	2009
90	Bangladesh	5,733	0.01%	2009
91	Albania	5,400	0.01%	2009
92	Mongolia	5,100	0.01%	2009
93	Sweden	4,833	0.01%	2009
94	Portugal	4,721	0.01%	2009
95	Slovakia	4,114	0.00%	2009
96	Morocco	4,053	0.00%	2009
97	Belize	3,990	0.00%	2009
98	Israel	3,806	0.00%	2009
99	Switzerland	3,488	0.00%	2009
100	Bulgaria	3,227	0.00%	2009
101	Aruba	2,235	0.00%	2009
102	Puerto Rico	1,783	0.00%	2009
103	Uruguay	997	0.00%	2010
104	Georgia	995	0.00%	2009
105	Kyrgyzstan	979	0.00%	2009
106	Barbados	765	0.00%	2009
107	Ireland	431	0.00%	2010
108	Tajikistan	221	0.00%	2009
109	Zambia	160	0.00%	2009
110	Korea, North	118	0.00%	2009
111	Somalia	108	0.00%	2009
112	Paraguay	31	0.00%	2009
113	Sierra Leone	29	0.00%	2009
114	Slovenia	5	0.00%	2009
115	Panama	2	0.00%	2009

Chart of oil producing nations ordered by gross production (click to enlarge).

Historical crude oil / natural gas plant liquids (NGPL) production chart (click to enlarge).

Countries producing oil.

Countries producing oil 2010, bbl/day (CIA World Factbook).

UNDERGROUND PASSAGEWAYS

The U.S. over-supply of oil is ending.

Comparative inventory (C.I.) has been dramatically reduced in 2017. Levels have fallen 159 mmb since February and are now approaching the 5-year average for the first time in nearly 3 years (Figure 1).

Investing in humanity’s future means divesting from fossil fuels

by ARCHANA DAYALU on Jun 17, 201385 Comments

Boris Rasin, 2011

As global citizens, we helped defeat Apartheid. As united Americans, we exposed and toppled Big Tobacco. What do these victories have in common? The core belief that it is wrong to invest in immorality. The fact that we, as average citizens, used our collective might to rise up against seemingly insurmountable and institutionalized Wrongs. And finally, the recognition that through de-investment, or divestment, money talks both economically and socially.

Divestment, which refers to pulling out of certain investments, operates on the simple principle that it is wrong to make unethical or morally ambiguous investments. Humanity’s next challenge: divesting from the top 200 offenders of the fossil fuel industry until their practices show that they have humanity’s long-term best interests at heart. Which means these companies need to immediately stop exploring for new hydrocarbons, stop lobbying in federal and state governments to preserve their special tax breaks, and pledge to keep 80% of their current reserves underground forever.

America’s divestment from fossil fuels is becoming a real and successful option as people across the nation are banding together to pressure governing bodies and organizations to pull out of fossil fuel stock. Six universities, fifteen cities, and nine churches have already committed to fossil fuel-free investments. Unfortunately, information relating to the exact proportion that organizations or even governments invest in fossil fuels stocks is not readily available. But when we start to talk about city and academic institution portfolios that are in the millions (and billions!), even investment levels of 1% make a substantial difference.

The other main power of divestment is in its hugely symbolic public message. For fossil fuels, this means the divestment campaign will succeed in America by bringing back the discussion of climate change to national awareness. Largely abandoned by a cleverly waged battle of special-interest backed misinformation campaigns, an honest scientific dialogue of climate truths has been starkly missing in American society for the past several years. So here are the truths:

UNDERGROUND PASSAGEWAYS....click here........