Whose fiqures?
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Crude oil reserves, at the end of last year, stood at the equivalent of approximately 40 more years of production, if production remains at 2004 levels. You get that figure by dividing the total known 2004 reserves of crude oil by the 2004 production - which is 1,200 billion of barrels divided by 80.2 million barrels.
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This, (I'm assuming), assumes that the Oil producing countries and Opec in particular are being truthful about their oil reserves, something they have been known to increase, with no scientific backing, when politically/financeally beneficial.
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