Natural Gas Reserves at New Record Level; Oil Reserves Highest Since 1972
While natural gas reserves reached another record in 2014 and oil reserves were the highest since 1972, the technically recoverable resources from which they came are enormous and will continue to supply proved reserves for Americans for decades
By Institute for Energy Research —— Bio and Archives--December 10, 2015
Global Warming-Energy-Environment | Comments | Back To Full Article
The Energy Information Administration recently released its U.S. Crude Oil and Natural Gas Proved Reserves Report showing that oil and natural gas proved reserves continue to increase. U.S. crude oil and lease condensate proved reserves increased by 9 percent to 39.9 billion barrels in 2014, and natural gas proved reserves increased by 10 percent to 389 trillion cubic feet.(i] Crude oil and lease condensate proved reserves are now at the highest level since 1972 and natural gas proved reserves are the highest ever.[ii]
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