World oil field discoveries lowest since 1947

By Ron Patterson
17 December 2016 (Peak Oil Barrel) – Jean Laherrere has posted the following charts and comments on Bakken and World oil reserves. […] Everybody knows that world oil discoveries are well below oil production since a long time ago and that remaining reserves should be decreasing. Proved reserves increase by adding tar sands and extra-heavy reserves (Canada and Venezuela) in the 2000s, when they were in production since 1967 and 1979.

Oil Discoveries Lowest Since 1947 Jean Laherrere on Proven Reserves