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World Oil Resources, Reserves and Production

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  • Peter R. Odell

Abstract

Recent estimates of limited oil resources as constituting a constraint on the future of oil, lack validity. The issue is unimportant for the oil market for 50 years. Similarly, fears for the adequacy of annual additions to reserves are unfounded: the world is running into oil, not out of it.

Suggested Citation

  • Peter R. Odell, 1994. "World Oil Resources, Reserves and Production," The Energy Journal, , vol. 15(1_suppl), pages 89-114, June.
    • Handle: RePEc:sae:enejou:v:15:y:1994:i:1_suppl:p:89-114
    DOI: 10.5547/ISSN0195-6574-EJ-Vol15-NoSI-6
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    References listed on IDEAS

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    1. Cutler J. Cleveland & Robert K. Kaufmann, 1991. "Forecasting Ultimate Oil Recovery and Its Rate of Production: Incorporating Economic Forces into the Models of M. King Hubbert," The Energy Journal, , vol. 12(2), pages 17-46, April.
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