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May 31, 2024 · published 31 May 2024. We may never run out of oil, though known reserves are expected to last for about 50 years, current estimates suggest. We have 50 years' worth of oil reserves left, but more ...
May 31, 2024 · Like whale blubber, oil as a dominant source of energy will gradually be phased out over the next decades. Here's what that transition may look like.
5 days ago · For decades, industry experts have made predictions like 'we have 50 years left to run out of oil' based on known reserves -- a figure calculated by dividing known reserves by annual global...
May 30, 2024 · OPEC+ meets June 2 to discuss supply cuts. NEW YORK, May 30 (Reuters) - Oil prices fell for the second consecutive session on Thursday, after the U.S. government reported weak fuel demand in the ...
May 14, 2024 · With a new round of #NDCs due in 2025, governments face a critical moment to raise #climate ambition. Plans must account for an equitable global phase-out of oil and gas production. More than 2,500 investment treaties allow oil & gas companies to sue governments over climate policies.
May 13, 2024 · Why are we selling that oil instead of using it ourselves? It’s mostly a chemistry problem. The crude oil we’re buying is thick and has lots of sulfur, hence it’s called heavy sour.
May 21, 2024 · Oil is a finite resource. At some point, we will run out. Relying heavily on it leaves nations susceptible to price volatility and supply shortages. It also leaves countries at the mercy of oil-rich countries, sometimes led by unsavory characters, as the war in Ukraine is revealing.
