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- Title
The global oil supply - prevailing situation and prognosis.
- Authors
RHODES, CHRISTOPHER J.
- Abstract
The article discusses various trends related to the petroleum supply around the world. Topics discussed include Saudi Arabia and Russia which are major oil producing nations, and account for nearly one quarter of the world's oil supply; fall in Energy Returned on Energy Invested (EROEI) around the world for oil production, and the need for more innovative technologies; and "peak oil," which refers to the point of maximum rate of production of oil globally.
- Subjects
RUSSIA; SAUDI Arabia; PETROLEUM supply &; demand; PETROLEUM industry; HUBBERT peak theory; TECHNOLOGICAL innovations
- Publication
Science Progress, 2017, Vol 100, Issue 2, p231
- ISSN
0036-8504
- Publication type
Article
- DOI
10.3184/003685017X14912945098080