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As prices rise, concerns grow about world oil supplies

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As prices rise, concerns grow about world oil supplies
Topic: Current Events 7:12 pm EDT, May 20, 2004

] At current rates of production, there were 40.6 years of
] consumption covered by proven reserves in 2002, the latest
] data available, according to the Wall Street Journal.
]
] The newspaper, citing the BP Statistical Review, said
] that in 1989, there were 44.7 years left of consumption.
]
] "[A shortage] will probably happen in the next 10 to 20
] years," Professor David Goodstein, a physicist at the
] California Institute of Technology, told CNNfn.

American better shift gear to Hydo/Electric vehicles in the
next decade.

As prices rise, concerns grow about world oil supplies



 
 
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