USGS official upbeat about oil reserves outlook

04/25/2005
There are much more oil reserves left in the world than many of the pessimistic forecasts make out, according to Peter McCabe, senior research geologist at the US Geological Survey, speaking at the annual Australian Petroleum Production and Exploration Association (APPEA) conference in Perth.McCabe presented delegates with an upbeat answer to the questions “how much oil is left, and where can it be found?”Using figures gleaned from USGS studies, he said cumulative oil production to the end of 2004 amounted to 952 billion bbl, which represents about 32% of the world total available reserves. Some 2,029 billion bbl, or 68%, he placed in a category labeled remaining recoverable o...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected