There are three main factors that impact depletion of oil reserves: 

changes in global supply and demand, alternative energy sources, 

and oil prices.

On the demand side, according to the BP Statistical Review of 

World Energy 2020, in 1990, the OECD accounted for two-thirds 

of global energy consumption and the developing countries 

accounted for only one-third. However, by 2040, this proportion 

will be almost completely reversed, with the non-OECD countries 

accounting for two-thirds of the total energy demand. Most of the 

increase in energy demand is concentrated in Asian developing 

countries, such as India and China. The improvement in economic 

development and living standards of these countries stimulates 

the growth of energy consumption.

On the supply side, oil exploration has been moving to open seas, 

deep waters, and onshore deep drilling. With the coming of the

U.S. oil revolution in 2011, producers are setting eyes on the oil 

and gas resources formerly locked away in shale, which has greatly 

increased the total recoverable reserves in the U.S.

声明：本资料仅用于投资者教育，不构成任何投资建议。我们力求本资料信息准确可靠，但对这些信息的准确性、完整性或及时性不作保证，亦不对因使用该等信息而引发的损失承担任何责任，投资者不应以该等信息取代其独立判断或仅根据该等信息做出决策。基金有风险，投资须谨慎。