From: Robert J. Bradbury (bradbury@aeiveos.com)
Date: Mon May 12 2003 - 13:35:14 MDT
On Mon, 12 May 2003, Charles Hixson wrote:
> Can you quantify "many"? Is it more like 5, 25, or 125 years? This
> makes a significant difference.
> This raid is starting to look like a world-class rip-off. I wonder who
> will benefit...somehow I doubt that it will be the Iranian populace.
I've pushed the numbers for for maximum production capacity into
"claimed" oil reserves for several countries. Based on data from
(http://www.eia.doe.gov/emeu/cabs/...).
At maximum historic production rates, one gets:
Iraq: 105-182 yrs (due to reserve quantity questions)
Saudi Arabia: ~80 yrs
Russia: ~11 yrs
Obviously the current production rates (and therefore time until
reserves are depleted) may be lower (longer).
This also does not take into account the increase in demand
(production) one can anticipate due to economic growth in
3rd world contries over the next century.
Robert
This archive was generated by hypermail 2.1.5 : Mon May 12 2003 - 13:46:34 MDT