To keep using conventional oil at the estimated increasing rate of consumption, we must discover proven reserves of oil equivalent to the current Saudi Arabia supply every 5 years.

Question

Quizplus · Accepted Answer

This statement is true. The current rate of global oil consumption is estimated at around 100 million barrels per day, and Saudi Arabia has proven reserves of about 266 billion barrels. Therefore, to keep up with the increasing demand, we would need to find the same amount every 5 years.

To Keep Using Conventional Oil at the Estimated Increasing Rate