Okullo, Samuel J.; Reynès, Frédéric - In: Energy 36 (2011) 9, pp. 5755-5764
Following the peak in US crude oil production 30 years ago, more and more non-OPEC producers have seen their production … decline as a result of resource depletion. OPEC, on the other hand has extracted a comparatively smaller proportion of its … reserve base. Given that new non-OPEC discoveries are growing ever limited, we explore the role of reserve additions and OPEC …