Question

Why resources are not finished yet???

Answer 1

Answer:

Let's say we have been extracting certain amount of hydrocarbons each year. At the same time,oil and gas companies around the world are spending billions of dollars in exploration of oil and gas. Looking at the statistics, each year due to success in exploration, in total, these companies could successfully accumlate more oil and gas reserves than what has been pumped out(We call this as Reserve Replacement Ratio). Therefore, although companies have been extracting oil and gas, because of the continued efforts of exploration, Petroleum Resources are not yet finished.

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