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According to one study by the United States Geological survey, 86 percent of oil reserves in the United States are the result not of what is estimated at the time of discovery but of the revisions and additions that come with further development.

Daniel Yergin
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The world has produced about 1 trillion barrels of oil since the start of the industry in the nineteenth century. Currently, it is thought that there are at least 5 trillion barrels of petroleum resources, of which 1.4 trillion is sufficiently developed and technically and economically accessible.

Daniel Yergin

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Daniel Yergin

Daniel Yergin
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Born: February 6, 1947 (age 75)
Bio: Daniel Howard Yergin is a Pulitzer Prize-winning American author, speaker, and economic researcher. Yergin is the co-founder and chairman of the Cambridge Energy Research Associates, an energy research consultancy that is now part of IHS Inc.
Known for:
  1. The Commanding Heights (1998)
  2. Russia 2010 (1993)
  3. Shattered Peace: The Origins of the Cold War (1977)

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