Plate tectonics determines the location of oil and gas reservoirs and is the best key we have to understanding why deserts and arctic areas seem to hold the largest
hydrocarbon reserves on earth.
Not exact matches
The commission is also empowered to advise the Minister
on fiscal and other issues pertaining to the petroleum industry, establish framework for the validation and certification of national
hydrocarbon reserves, undertake evaluation of national
reserves and reservoir management studies as well as conduct regular audits of the activities of operators engaged in petroleum operations and oil service companies in order to ensure compliance with Nigerian laws and requirements for petroleum operations.
- the power return
on power invested to extract
hydrocarbon chemical potential, from
reserve to engine, let's call this «r»
A perfect example of this was oil major ExxonMobil's March response to shareholders
on managing climate risk, which made clear that the company has no expectation of government regulations that would strand its oil and gas
reserves in the ground and would spend millions and even billions to continuing digging, literally, for more
hydrocarbon reserves.
We will become more dependent
on foreign sources of metals and
hydrocarbons, but when everybody else runs out, we will still have fairly significant
reserves.