Reserve Definitions & Fish

May 7, 2018

I love the graphic below titled, Reserves and Resources Are a Bit Like Catching Fish and had to get it out for folks to see. It ties in perfectly to a previous post Calvin made about reserves in America and denial, here.

 

Way too many folks are counting way too much on probable and possible reserves, vast 'resource' plays like unconventional shale and new "technology," (phfttt!)  for their hydrocarbon future.  

 Courtesy RS Energy and Burggaben Holding AG

 

 

 

 

 

 

 

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