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Proved Reserves

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Assessing the date of the global oil peak: The need to use 2P reserves

Publication date: 2007-12-01 First Published in Energy Policy Authors: R. Bentley et al Abstract: Combining geological knowledge with proved plus probable (ā€˜2Pā€™) oil discovery data indicates that over 60 countries are now past their resource-limited peak of conventional oil production. The data show that the global peak of conventional oil production is close. Many analysts… Keep Reading

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