Access

 to  Conventional  Reserves

Lincoln  Pratson
Duke  University
WORLD  OIL  RESERVES  2013
CRUDE  OIL  PRICE  &  CONSUMPTION
$120 100,000

World  Daily  Oil  Consumption  (1,000  bbl/d)

90,000
$100
80,000
Brent  Spot  Price  (2015  $/bbl)

70,000
$80
60,000
$60 50,000
40,000
$40
30,000
20,000
$20
10,000
$0 0

Brent  $2015/bbl  (EIA) World  Consumption   (BP)

CRUDE  OIL  PRICE  &  CONSUMPTION
$120 100,000

World  Daily  Oil  Consumption  (1,000  bbl/d)

90,000
$100
80,000
Brent  Spot  Price  (2015  $/bbl)

70,000
$80
60,000
$60 50,000
40,000
$40
30,000
20,000
$20
10,000
$0 0

Brent  $2015/bbl  (EIA) World  Consumption   (BP)

CRUDE  OIL  PRICE  &  CONSUMPTION
$120 100,000

World  Daily  Oil  Consumption  (1,000  bbl/d)

90,000
$100
80,000
Brent  Spot  Price  (2015  $/bbl)

70,000
$80
60,000
$60 50,000
40,000
$40
30,000
20,000
$20
10,000
$0 0

Brent  $2015/bbl  (EIA) World  Consumption   (BP)

CRUDE  OIL  PRICE  &  CONSUMPTION
$120 100,000

World  Daily  Oil  Consumption  (1,000  bbl/d)

90,000
$100
80,000
Brent  Spot  Price  (2015  $/bbl)

70,000
$80
60,000
$60 50,000
40,000
$40
30,000
20,000
$20
10,000
$0 0

Brent  $2015/bbl  (EIA) World  Consumption   (BP)

CRUDE  OIL  PRICE  &  CONSUMPTION
$120 100,000

World  Daily  Oil  Consumption  (1,000  bbl/d)

90,000
$100
80,000
Brent  Spot  Price  (2015  $/bbl)

70,000
$80
60,000
$60 50,000
40,000
$40
30,000
20,000
$20
10,000
$0 0

Brent  $2015/bbl  (EIA) World  Consumption   (BP)