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Gold/Mining/Energy : Peak Oil - Not If but When
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To: veritas501 who wrote (99)2/15/2011 2:48:47 PM
From: Drygulch Dan of 129
 
Well it took a couple of weeks, but here is some of that type info from Exxon:

"Says additions to Proved reserves in 2010 Totaled 3.5 billion oil-equivalent barrels"

"Reserves additions replaced 211 percent of production."

"Proved reserves increased to 24.8 billion oil-euivalent barrels"

"reserves life at current production rates is 15 years."

"Reserves base is split between 47 percent liquids and 53 percent gas"

"Reserves include 2.8 billion oil-equivalent barrels from XTO"

all from a news release today.

15 years is okay for me, since I tend to trade on the 3 to 5 day basis.
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