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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (565905)	5/12/2010 6:44:56 PM
From: Brumar89	Respond to of 1578930

At any point in time, in western countries there are normally only proven reserves to cover a certain number of years of production and thats been true for over a century. Yet we haven't run out. Why, because the industry is constantly searching for and finding new reserves. Per wikipedia the US reserve to production ratio was 8 at the end of 2008: en.wikipedia.org Yet the US won't run out of oil in 2016. BTW re the other country numbers on the chart: Brazil and Mexico, China, Russia, and the US - those numbers are real. The ME and OPEC ratios shown are baloney - they declare their reserves to very high as political gamesmanship within OPEC. The Canadian and Venezuelan numbers are high but real as those countries have a lot of oil sand reserves.