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| Topic: |
Business
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| Number of pages / Number of words: |
13 / 3596 |
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Nobody can precisely confirm his or hers theory about how big the oil reserves are. It looks like it becomes sometimes a matter of believe in one or the other direction. Laudicina wrote in his book ‘world out of balance’, that it is a matter of the price for oil and the technology for oil production of how big the oil reserves are and how long we still can rely on this natural resource...
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He draws an optimistic picture that the supply of oil will continue for decades. On the other hand, there are believers in the so called ‘peak oil’ theory. Hirn quotes that, according to several international recognised experts such as Daniel Yergin of the Cambridge Energy Research Associates, this peak could be reached as soon as 2020...
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