Sentences with phrase «known oil reserves»

The UAE has approximately 10 % of the world's total known oil reserves, 90 % in Abu Dhabi and about 10 % in Dubai.

«Keep it in the Ground» has been a rallying cry for groups working to fight climate change, after researchers calculated that at least a third of known oil reserves, half of gas reserves and 80 percent of coal reserves should not be burned to prevent an average global temperature increase of more than 2 degrees Celsius.

If we drilled every square inch of this country... we'd still have only 2 % of the world's known oil reserves.»

But just four days later, he directly undermined his own message, when his administration issued the final permit allowing Shell Oil to drill in the Arctic, despite the administration's own assessment that the chances of a significant oil spill in the area were 75 % — not to mention that a good deal of existing known oil reserves must be left in the ground to protect against global warming.

The situation is remarkably similar to that in Ecuador, where another biological treasure, Yasuni National Park, sits atop known oil reserves.

Launched in mid-2010 after 3 years of technical consultation, the Yasuni ITT project was lauded by foreign governments and environmental groups as an innovative way to fight global warming: Not exploiting the Ishpingo - Tambococha - Tiputini (ITT) oilfields in Yasuni National Park will, according to the United Nations Development Programme (UNDP), prevent the emissions of around 410 million metric tons of carbon dioxide — equivalent to the annual emissions of France and accounting for 20 % of Ecuador's known oil reserves.

Explosive growth in the world's emerging economies has lit up patches of the map that barely flickered a few decades ago, jacking up the demand for power and straining known oil reserves to the limit.

That's significantly less than in oil fields open for business in the Gulf of Mexico, coastal Alaska and off the coast of southern California, where there are 10.1 billion barrels of known oil reserves as well as an estimated 85.9 billion more.

Not exact matches

No doubt, our manufacturing sector will be sustaining our economy in two hundred years when our oil and gas reserves are gone.

Additionally, the SEC requires oil and gas companies, in filings made with the SEC, to disclose proved reserves, which are those quantities of oil and gas, which, by analysis of geoscience and engineering data, can be estimated with reasonable certainty to be economically producible — from a given date forward, from known reservoirs, under existing economic conditions, operating methods, and governmental regulations.

The key drivers of the Savings Glut, however, have weakened or reversed: China's growth is rebalancing toward domestic consumption, and its stock of foreign exchange (FX) reserves has declined; other Asian emerging markets have already accumulated sufficient FX reserves and no longer need to accumulate assets; and the plunge in oil prices is forcing a number of oil exporters to reduce savings to delay or smooth the adjustment in expenditures.

No, this is more a case of an experienced assistant leaving a 1 - 11 team for untapped oil reserves.

Put another way, only one quarter of the world's remaining known coal, oil and natural gas reserves can be burned.

And if all the known reserves of coal, oil and gas are burnt, the figure will eventually rise to more than 4 trillion tonnes.

The total amount of methane made by these microbes is probably greater than the mass of all known reserves of coal, gas, and oil.

But with traditional petroleum reserves in shallower waters waning and advanced geological surveying techniques pointing to tantalizing reserves below, companies now know the pre-salt oil is too good to ignore.

Many of his mistakes are big ones: he bungles the issues involving reserves and resources that are critical to his core argument about oil remaining cheap; he drastically misleads his readers about the extent to which sulfur dioxide and nitrogen oxide emissions from coal - burning have been reduced; he trivializes the climate - change risks from coals carbon dioxide emissions by suggesting we know the impacts will be worth only 0.64 cents per kilowatt - hour.

I mean, if the share price of a company with substantial proved & probable oil reserves falls almost two thirds in a year (not to mention the collapse from its highs), what hope is there for the punter who falls for the real no - hopers?!

With the world country deprived most of its known reserves of a substantial new supply, oil prices would jump, let's say, fivefold.

They recently discovered significant new oil reserves, and we can share American technology and know - how with them as they develop these resources.

(Some other estimates, e.g. Nehring (2009), put the amount of ultimately recoverable oil in known reserves about 50 % higher).

[In addition,] experts need to consider carefully and modestly what humans know about reserves and resources of oil and especially natural gas.

Large oil companies based in the US, and UK, and France - known as the «oil majors» - cumulatively control, at most, 15 to 20 % of proven global oil reserves, while nationalized oil companies control the remainder.

After all, when the car that's generating the most buzz among the public burns literally zero oil; when Saudi Arabia says it's got to diversify away from oil; and when the Governor of the Bank of England says many of our known reserves are unburnable, a strategy based on discovering and selling more oil in the future starts to look uncertain at best.

The company concludes that existing known reserves of oil and gas can be consumed while staying within carbon limits.

Thus Callendar in his landmark paper argued in 1938 that growing efficiency had stabilized the amount of gas production in the previous 20 years, ignoring the Depression's effects, Callendar (1938), p. 231; Plass implicitly assumed linear growth in calculating that it would take a thousand years to use up known reserves of coal and oil, Plass (1956), p. 149; similarly in the crucial paper Revelle and Suess (1957).

Anyway, like I said below in greater detail, the oil & gas industry has 16 years (2030 + / --RRB- to get 80 % (+ / --RRB- of its known reserves out of the ground before the mass adoption of increasingly - stringent renewable energy targets worldwide will render whatever remains in the ground increasingly worthless, and those renewable energy targets will become more - stringent the worse that ongoing climate change presents itself.

Anyway, like I said, the oil & gas industry has 16 years (+ / --RRB- to get 70 - 80 % of its known reserves out of the ground before the mass adoption of increasingly - stringent renewable energy targets worldwide will render whatever remains in the ground increasingly worthless, and those renewable energy targets will become more - stringent the worse that ongoing climate change presents itself.

I wonder, by the way, why oil should fall so precipitously while natural gas increases: is this somehow related to known reserves or other sorts of grounds?

For example, Exxon Mobil recently announced that it no longer considers 20 percent, or 4.5 billion barrels, of its proved oil reserves to be extractable.

It is widely known within the energy community that there is enough solar energy reaching the earth each hour to power the world economy for one year, but few people know that the heat in the upper six miles of the earth's crust contains 50,000 times as much energy as found in all the world's oil and gas reserves combined.

This is supposed to bring the known reserves of oil and natural gas from the Arctic to our markets.

According to estimates, all known pre-salt reserves can house about 80 billion barrels of oil.

Bill McKibben says we need to «do the math,» which is to take the known fossil fuel reserves that oil and gas companies expect to tap and add that to the carbon already trapped in the atmosphere.

Between CO2, peak oil, environmental disasters, and the fact that the rest of the world holds most of oil reserves, there is every reason (economic, ecological, and strategic) in the world to start to pursue renewable energy sources, and even Anthony Watts knows this (he drives and sells electric cars, doesn't he?).

Admiral (retired) Dennis McGinn said: «A nation that uses more than 20 percent of the oil that is produced globally every single year, that sits on at best estimates 3 percent of the known reserves can not drill its way out Continue reading Dangerous and Myopic →

Well known for its vast oil and natural gas reserves, Oklahoma will come to be recognized for its wind resources as well, currently ranking in the top 10 U.S. states for wind - energy potential.

Fossil fuel corporations have five times more oil and coal and gas in known reserves than climate scientists think is safe to burn.

He also argues, and quite convincingly, that Iraq War II was, finally, about oil: the Bush administration, according to Heinberg, knew about the predicted peak through its access to oil - insider information like that provided by Petroconsultants, and acted to secure one of the largest oil reserves on the planet so that no one else would get there first.

In addition to proved developed reserves, there are three categories of potential oil reserves: (i) recovery growth from known fields, (ii) future discoveries, and (iii) unconventional resources.

Q148 Caroline Lucas: Can I just find out whether you agree with the principle that, in order to be able to meet climate change emissions reduction targets, a considerable proportion of known reserves of oil and gas are going to have to remain underground, if we are to have any hope of meeting those emissions reduction targets?

Were we to burn all the world's known oil, gas and coal reserves, the greenhouse gases released would blow the budget for two degrees three times over, the paper finds.

However, the federal government has attempted to mitigate degazettements to oil palm plantations — the fate of Bikam Forest Reserve — by decreeing in 2008 that all reserves should no longer be converted to oil palm.

Globally, this equates to 88 per cent of the world's known coal reserves, 52 per cent of gas and 35 per cent of oil, according to the new research.

Today's paper compares this allowable carbon budget with scientists» best estimate of how much oil, gas and coal exist worldwide in economically recoverable form, known as «reserves».

Also, no one here (as far as I know) is arguing that petroleum has not done well by us economically — thank you great oil reserves of the earth!

Thirty per cent of known oil and 50 per cent of gas reserves are unburnable and drilling in the Arctic is out of the question if we're to stay below two degrees, the new research notes.

Maduro, who is known for his leftist stance in politics, confirmed that petro would be backed by traditional assets such as gold and diamond reserves, oil, and gas.

A combination of technical challenges and unstable legislative frameworks has led to the region's considerable known oil and gas reserves remaining underdeveloped.