how many barrels of oil were in the world crude reserves in 1970?
- Drew HLv 41 decade agoFavorite Answer
You have to be more specific. Do you want to know what the estimates were in 1970? What type of reserves.... proved (recoverable), probable, possible, total?
Reserves ar broken down into these categories. Recoverable is what was absolutely possible given the technology at the time. There is a lot of inaccuracy in reserve estimation. Total reserves is everything that is believed to be there whether it is recoverable or not.
I suggest you go to www.spe.org and reseach