La madre de todas las batallas Quotes

“The cut-off point between reserves and resources is a function of prices and technology. It is not static. As prices go up, resources become commercial reserves. As prices go down, reserves may become uneconomical resources. The frontier is changing all the time. New technologies can increase reserves via “quantum leaps”. In 2003, the EIA4 revised Canadian reserves from 5 billion barrels to 180 billion (a 3600% increase) thanks to improvements in the extraction technology of oil sand. The revision catapulted Canada to the top three in the world, along with Saudi Arabia and Venezuela.”
― Daniel Lacalle, The Energy World is Flat: Opportunities from the End of Peak Oil