HP Impact: Global energy review projects sufficient oil for 40 years
Data from BP's annual ?Statistical Review of World Energy? illustrates the continued growth in reserve volumes across the world. ?At current levels of consumption, there are sufficient reserves to m..
Data from BP's annual ?Statistical Review of World Energy? illustrates the continued growth in reserve volumes across the world.
?At current levels of consumption, there are sufficient reserves to meet oil demand for 40 years and to meet natural gas demand for over 60 years,? according to the company's chief executive, Lord Browne.
?It is clear that the issue of energy security, which has been so prominent over the last year, is driven not by a physical shortage of supply but by the challenges of ensuring, in a world where demand and supply are not co-located, that there will be sufficient traded oil and gas to meet rising demand,? he explains.
Putting in context the
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