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28-09-2021
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How does the distribution of oil reserves affect trade?

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28-09-2021

Answer:

The amount of oil and natural gas a given region produces is not always proportionate to the size of its proven reserves

Explanation:

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gauravsingh23VT gauravsingh23VT

31-05-2022

The amount of oil and natural gas produced by a region does not always correspond to the size of its proved reserves.

What is oil reserve?

Oil reserve is the potential price of crude oil that can be recovered at the amount of current oil price. So that the stockpile can change the price later.

Reserves set the financial amount of crude oil that can be recovered at any amount later, when it is required to do so.

Thus, The amount of oil and natural gas produced

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