
// Source: OECD Annual Statistical Bulletin 2006.
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- 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.
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