Our research found that at least four of the top six IOCs have significantly relied on tar sands reserves additions to support RRR rates in the past five years. As a percentage of total liquids additions, tar sands represents between 26% and 71% of reserves additions for these four companies.
Day: December 4, 2010
The IEA acknowledges peak demand is needed
This year’s IEA World Energy Outlook (WEO) contains a startling peak oil prediction. In order to prevent climate change getting out of control, global demand for oil should peak by 2018 at only 1 million barrels per day (Mbpd) more than today’s demand level. While the IEA has been much criticized for denying peak oil … Read More