If there are approximately 5,000 barrels of known reserves of oil, an estimated 7,500 barrels of unknown reserves of oil, and annual consumption is 500 barrels of oil, approximately how many years will it be until the supply of oil is depleted, all else equal?
A) 5
B) 10
C) 15
D) 25
Correct Answer:
Verified
Q1: The report that concluded that the world
Q3: If there are approximately 6,000 barrels of
Q4: If there are approximately 8,000 barrels of
Q5: If there are an estimated 20,000 barrels
Q6: The proven-reserves figure used in most years-to-depletion
Q7: All else equal, if oil prices increase,
Q8: All else equal, if oil prices decrease,
Q9: All else equal, when oil prices increase,
Q10: All else equal, when oil prices decrease,
Q11: All else equal, as the price of
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