Energy Blog | 01. February 2010 | posted by Jan Oliver Löfken | 7 Comments

Energy question of the week: How long will our crude oil reserves last?

The global economic crisis has also had a positive side – the consumption of crude oil fell slightly in 2008 and 2009. Yet before long, it is likely to rise again to about 85 million barrels per day. The International Energy Agency's World Energy Outlook 2009 report states that demand will rise by a further percent each year to 105 million barrels per day by 2030. For how long can we meet this growing demand read more