An annual British Petroleum report claims that the world has enough oil reserves to last 40 more years. The study, based on officially submitted figures, show 15% more proven oil reserves globally than a decade ago. In fact, only North America has less known oil now than it had 20 years ago. Governments often rely on the BP reports, but many scientists questions whether the world really has that long to go before its fuel gauge hits empty.
Source: TIME digest October 2007 No. 140
