Answered: The world's total petroleum reserve is…

The world's total petroleum reserve is estimated at 1.5 x 1022 J. At the present rate of consumption, 6.027 x 1017 J/day, how long would it take to exhaust the supply (in years)?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter17: Long-term Investment Analysis

Section: Chapter Questions

Problem 3.2CE: Why has coal dominated as a fuel source for 24/7/365 electricity generation for so many decades?

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The world's total petroleum reserve is estimated at 1.5 x
1022 J. At the present rate of consumption, 6.027 x
1017 J/day, how long would it take to exhaust the
supply (in years)?

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