The Influence of Markets and Technology on Regional Oil and Gas Reserves

The most important point to realize about oil and gas is that these energy resources were formed in the geological past, which means that they are finite and therefore subject to depletion. The formation of oil reserves took place under very special conditions of extreme global warming, with the bulk of the oil in production today coming from just wo brief epocks, 90 and 150 million years ago...

Published in: The Gulf Oil and Gas Sector - Potential and Constraints, Proceedings of the 2004 Conference
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