| Topic: | Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Rejoining the EU ? | |
| Posted by: | Steve Taylor | |
| Date/Time: | 25/05/26 09:22:00 |
“ We will likely never completely run out of oil, but its economic viability will fade long before the last drop is pumped. Globally, proven oil reserves are estimated to last about 47 to 50 years at current consumption rates. However, this timeline shifts based on several key factors :The 50-Year Rule: The "time-left" metric (known as the Reserves-to-Production ratio) is calculated by dividing known, economically recoverable reserves by global annual demand. This number stays relatively static (around 50 years) because new drilling technologies and artificial intelligence continually unlock new deposits as fast as we use the old ones.” |