How much crude oil reserves are left?

Here's how much of the black gold we have left. ... This is a method of calculating how much drillable oil that we know of is under the ground. ... Previous predictions that would have had oil reserves completely tapped by now were wrong because both production and proved reserves increased consistently. read more

Even at current lowered crude prices of $63 per barrel, the 1.7 trillion proven reserves alone have a value of $107 trillion - versus a global real GDP of $72 trillion. And as for the assertion that oil reserves and resources will somehow become"stranded assets" because of anti-carbon laws, nothing will be further from the truth. read more

The amount of crude oil left for use changes each year. The Upstream Sector of Oil and Gas industry includes searching for hydrocarbons i.e, Exploration and extraction of hydrocarbons i.e, Production. read more