The years leading up to the 2008 financial crisis saw 'peak oil' theorists loudly claiming that we were fast approaching the end of the earth's reachable petroleum reserves.

The countrys proven petroleum reserves were estimated to be about.

Petroleum reserves are typically a vast distance from consumption but can be transferred at ambient temperatures.

The results show that the net price and transaction value methods overvalue the resource rent of petroleum reserves.

Sudden discoveries of large petroleum reserves created numerous boomtowns whose populations often multiplied tremendously in short periods.