1. hans

    BP defines Crude Oil Reserves-to-production (R/P) ratio

    BP announced in the report that in regard of Reserves-to-production (R/P) ratio, UAE will be the prominent source of oil for the world in the coming decades. BP defines Reserves-to-production (R/P) ratio as such: If the reserves remaining at the end of any year are divided by the production...
  2. hans

    Is Saudi Arabia LYING about its Crude Oil Untap Stocks?

    Brothers and sister, are we in for a big time increase in Crude oil purchase Cost? Even with solid Saudi king backing, Actual Crude oil production has dropped.. Why? Read on..... Saudi Arabia, the world's top oil exporter, posted an almost 10% monthly production decline in March says a...