Oil reserves that remain have a calculation attached which tells producers how many years remain that they could expect wealth from this fossil fuel.
Present regimes of United States, Russia and Saudi Arabia might not like Venezuela holding the highest oil reserves, as they know their own leadership in producing the highest amount currently merely emphasises they will drill to the last drop in decades from now.
Retired, living in the Scottish Borders after living most of my life in cities in England. I can now indulge my interest in all aspects of living close to nature in a wild landscape. I live on what was once the Iapetus Ocean which took millions of years to travel from the Southern Hemisphere to here in the Northern Hemisphere. That set me thinking and questioning and seeking answers.
In 1998 I co-wrote Millennium Countdown (US)/ A Business Guide to the Year 2000 (UK) see https://www.abebooks.co.uk/products/isbn/9780749427917
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