Proved reserves of natural gas and oil
A) will last only another five years at the current worldwide consumption rate.
B) reveal little about whether the world is about to run out of these resources since they are calculated at present levels of price and technology.
C) are just another way of measuring how many years civilization will continue.
D) indicate that the supply of petroleum will be depleted by the year 2020 unless governments adopt price controls and energy rationing.

Question

Quizplus · Accepted Answer

Proved reserves are estimates based on current technology and prices, not predictions of depletion.

Proved Reserves of Natural Gas and Oil