News

The world has 53.3 years of oil left

June 28, 2014/

BP has provided an intriguing update to its global oil reserves estimate in the company’s latest yearly review of energy statistics. BP raised its reserve estimate by 1.1% to 1,687.9 billion barrels, which is enough oil to last the world 53.3 years at the current production rates. However, there’s likely a lot more oil left in the tank beyond what BP sees today.

Matt DiLallo, The Motley Fool

Full Story: http://www.usatoday.com/story/money/business/2014/06/28/the-world-was-533-years-of-oil-left/11528999/

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