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Proven Oil Reserves Will Continue to Increase With Time
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http://oilprice.com/Energy/Crude-Oil/Proven-Oil-Reserves-Wil...
Submitted by jay9316 18 months, 3 weeks, 5 days, 12 hours ago
Proved oil reserves at the end of 2008 are estimated to have been 1258.0 thousand million (billion) barrels. That represented an increase of 17.7% over the 1997 figure of 1068.5 billion barrels, despite estimated cumulative production of 290 billion barrels during the intervening ten years, ie global reserves additions amounted to around 480 billion barrels between end-1998 and end-2008.
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