http://www.hubbertpeak.com/aspo/iwood/abstractPS.html
In the 2nd of April 2002 Energy Minister Assistant of Russia Valentin Shelepov in Saint-Petersburg meeting with journalists said that the current stocks of oil that Russian oil companies have in reality will be spend in 6-18 years. Earlier the evaluation of this quantity by mass media was for 50-100 years.
If this is true than it could explain a lot of things... the richest region in the world as regards oil is by far the middle east and Irak is the second oil rich country after Saudia Arabia...
Many scientists believe that by 2020 there will be great oil concerns and that a 160$ a barril won't be impossible...
In the 2nd of April 2002 Energy Minister Assistant of Russia Valentin Shelepov in Saint-Petersburg meeting with journalists said that the current stocks of oil that Russian oil companies have in reality will be spend in 6-18 years. Earlier the evaluation of this quantity by mass media was for 50-100 years.
If this is true than it could explain a lot of things... the richest region in the world as regards oil is by far the middle east and Irak is the second oil rich country after Saudia Arabia...
Many scientists believe that by 2020 there will be great oil concerns and that a 160$ a barril won't be impossible...
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