"The world's proved oil reserves were 1,696.6 billion barrels at the end of 2017, which was divided by 2017 oil production to give 50.2 years of recoverability."
I grew up during the period of high economic miracle in the Showa period, but it was said that oil reserves were about the same as they are now in terms of years.
I have lived for about half a century since then, but the number of years of oil reserves is always the same.
However, nowadays, the movement to remove oil is accelerating to stop global warming.
In today's news, oil prices are expected to continue rising, and oil-producing countries have said they plan to maintain production at the status quo.
When I was a kid, the now wealthy Middle Eastern oil kingdom was a poor country.
At some point, oil prices jumped and oil-producing countries in the Middle East became richer.
It is the grace of God itself.
Russia also relies on oil for economic management.
The fact that the United States is an oil powerhouse also complicates the matter.
Japan cannot go against the United States.
to be continued
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