Sentences with phrase «oil reserves»

Oil reserves refer to the amount of oil that is discovered and can be extracted from the ground using current technology, at a given point in time. They represent the known and accessible oil deposits that can be used to meet our energy needs. Full definition
The oil sands are the third - largest oil reserves in the world.
It is there that terrorists have the easiest access and the largest proportion of proven oil reserves, and low - cost production are also located there.
For a country with the largest oil reserves in the world, and whose economy is now almost completely dependent on oil exports to obtain money, that is not a good thing.
There are whole cities, millions of people and of course, vast oil reserves at stake.
We consume 26 % of the world's energy, with only 3 % of the world's known oil reserves.
As oil reserves are being depleted, the world has been turning its attention to plant - based energy sources.
Total global nuclear fuel resources — for this high temperature, gas cooled, fast neutron design — are some 300 times global oil reserves.
They recently discovered significant new oil reserves, and we can share American technology and know - how with them as they develop these resources.
This is approximately only half of the usual estimates of world oil reserves.
Consider in particular the technological progress that enabled producers to tap tight oil reserves.
They said that «experts» say all the good oil reserves are between three miles and 50 miles from the shore.
The ongoing oil price collapse is having a severely negative impact on the wealth of those who own oil reserves.
Just 10 years ago, it was defined by desert sand and rich oil reserves.
They also possess approximately two - thirds of worldwide oil reserves.
Coal reserves are compiled by the national geological surveys, and unlike oil reserves, they are honest.
Unfortunately, it also sits atop a suspected oil reserve.
The analysis of ultimate oil resources usually begins with estimates of published oil reserves.
From around the world, mining and petroleum companies have set their sights on Colombian oil reserves and mineral deposits, much of which lie within Indigenous territories.
The reason for such stagnant market performance comes down to the cost of both discovering new oil reserves and getting it out of the ground.
data - ad - client = «ca - pub - 9378923892950908» data - ad - slot = «4926898058» > data - ad - client = «ca - pub - 9378923892950908» data - ad - slot = «6572642908» > World's First Compliant Cryptocurrency Termed OilCoin Backed By Oil Reserves Soon To Be Launched Globally With massive propaganda...
Oil companies, hard pressed lately to come up with oil reserves away from crowds brandishing Kalashnikov's, can breath a sigh of relief - as will their stockholders - if the XL pipeline is approved and Gulf Coast refineries let to expand as if it were 1960 again.
The Oil Depletion Protocol: is a global framework for distributing the world's remaining oil reserves more equitably than free market forces would allow, to avoid resource wars, profiteering and economic collapse.
The company announced on Friday that it has begun exploiting oil reserves at the offshore field of Prirazlomnoye.
Firstly, Venezuela possesses one of the largest proven oil reserves on the planet.
The Peruvian government is pushing to extract vast mineral and oil reserves from the city of 70,000, and Cerro de Pasco is caught between environmental degradation and jobs.
The manual is highly technical and outlines concerns specific to the industry, including accounting rules for oil reserves, how to review engineering reports, environmental issues such as potential oil spills and other risks.
As recoverable oil reserves dwindle, there will be increasing pressure to convert coal to liquid fuels as well as exploit unconventional fossil fuels like methane hydrates, tar sands, and oil shale.
Estimates of the oil contained in the Monterey Shale place it at 15.4 billion barrels of oil, of 64 % of US shale oil reserves.
Sumptuous cinematography gives this documentary an artistic feel that makes it almost hypnotic as mainly aerial cameras explore the world's second biggest oil reserve.
BP pioneered the exploration of oil and gas sealed beneath salt domes under the Gulf of Mexico, and potential pre-salt oil reserves of untold dimensions are currently being mapped along the west coast of Africa in the waters of Gabon, Angola, and Ghana.
The news proves that as the price of gas rises higher, as fears of global warming become more mainstream and as oil reserves dwindle, major car companies are taking the electric car seriously.
Even more worrying, the CO2 pumped into oil reserves may not actually stay there, despite reassurances from petroleum geologists.
Doesn't matter how big global estimated potential oil reserves are in total: when an oil company has diminishing access to state - controlled fossil fuels it may be experiencing its own peak - as a corporation.
No, this is more a case of an experienced assistant leaving a 1 - 11 team for untapped oil reserves.
Ever since that ruling, numerous lawsuits have been filed to get the polar bear removed from the ESA, actions initiated by the usual suspects — oil companies seeking to have land opened up for oil development, hunting advocacy groups, even the state of Alaska (which has huge oil reserves on - and offshore).
If our government were truly interested in reducing oil consumption and CO2, why is it that the Bureau of Land Managment is currently behind efforts to support oil shale R&D and that it is considered a resource that can be relied upon when conventional oil reserves are depleted?
Drilling fossils such as oil has faces a number of controversies due to dangerous and extreme environmental effects; and this is what lead to discontinue the pursuit of trapping the vast oil reserve at the Arctic National Wildlife Refuge.
The Southern California Bight is characterized by coastal and offshore oil reserves.
The Yes and No campaigns have very different assessments of Scotland's financial picture, including its share of Britain's national debt and North Sea oil reserves.
a b c d e f g h i j k l m n o p q r s t u v w x y z