by year 2050 all the existig wells will be out of oil and if there will be some new wells, that will also not last more than a decade or two.
Nearly two-thirds of the world's known coal reserves are located in just four countries: the United States, Russia, China, and Australia.
The fossil fuel in question is likely coal, as it is one of the most abundant fossil fuels. With current consumption rates, estimates suggest that coal reserves could last for the next 200 years. However, environmental concerns and the shift towards renewable energy sources may impact the actual duration of coal reserves.
The exact timeframe varies based on different estimates and factors, but it is generally predicted that at current rates of consumption, the world's fossil fuel reserves will last for several decades to a few centuries. However, it is important to note that the environmental impacts of burning fossil fuels, such as climate change, are a significant concern regardless of the timeframe.
Crude oil reserves are unevenly distributed due to geological reasons, with factors like ancient tectonic activity and sedimentation patterns leading to the concentration of oil in certain areas. Additionally, economic and political factors play a role, as some countries have invested more in exploration and extraction of oil reserves. Geopolitical considerations also influence where companies and countries choose to explore for oil.
The largest thorium deposits in the world are found in Australia, India, and the United States. These countries have significant reserves of thorium that could potentially be used as a source of nuclear energy in the future.
The petroleum industry is big business because society depends on petroleum for energy. Oil accounts for a huge percentage of the entire worlds energy consumption.
The 12 OPEC contries control 79% of the worlds crude reserves and 44% of the worlds crude oil production.
Russia has the largest coal reserves in the world. It has 1 third of the worlds coal reserves.
41%
Chile
"Pakistan has world's largest copper reserves." It is actually Chile that has the largest copper reserve.
in Siberia
Saudi Arabia with proven oil reserves of 264,600,000,000 barrels of oil.
Saudi Arabia
Not for a long time. Some areas which have stopped mining coal for various reasons still have millions of tons underground which can be accessed using more modern methods to extract the fuel without sending men underground.
Because it is out of sight and therefore immeasurable with any precision.
mohamed roble mahamoud who has $13.58 billion.He lives in Spain and is a petroleum engineer.