THEMES // ENERGY & ALTERNATIVES // GROWING RESERVES, BUT WHERE?
Growing Reserves, But Where?



// Source: OECD Annual Statistical Bulletin 2006.

  • Proven reserves (per OPEC figures) have risen over the last 20 years.
  • Proven reserves in OPEC countries have risen far more than in non-OPEC nations (a 43% increase in OPEC versus 25.6% in non-OPEC).
  • The vast preponderance in areas of social and political instability lead to a 'risk premium' for oil, and this, in turn, places an artificial floor on oil prices.