Total global recoverable oil reserves now stand at 1,624 billion barrels, according to Rystad Energy research, an increase of 52 billion barrels from our last year’s estimate. In a scenario where global warming is limited to 1.9°C, this oil will contribute about 0.2°C of additional warming by 2100*. Therefore, about 20% of any additional warming will come from burning oil in cars, ships and airplanes and all other uses that lead to greenhouse gas (GHG) emissions.
Emissions from oilfield operations are estimated at 5% of all crude-related…Global Oil Reserves Could Increase Global Temperatures By 0.2°C
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