Value of Oil, Gas, and Coal Reserves Fact: “The proven oil and - TopicsExpress

Value of Oil, Gas, and Coal Reserves Fact: “The proven oil and gas and coal reserves are worth north of 200 trillion dollars.” – Steven Greer (read more) As of October 2011, crude oil cost $95/barrel and there were approximately 1.2 trillion barrels of oil reserved on Earth. This equals roughly $114 trillion. Coal cost $80/ton and there were approximately 500 billion tons of coal reserved on Earth. This equals roughly $40 trillion. Natural gas cost $400/ton and there were approximately 155 billion tons of natural gas reserved on Earth. This equals roughly $62 trillion. The total value of these energy reserves is $216 trillion. Source: "World Energy Supply": theglobaleducationproject.org/earth/energy-supply.php Price of oil source: wtrg/daily/crudeoilprice.html Price of coal source: eia.doe.gov/cneaf/coal/page/coalnews/coalmar.html Price of natural gas source: steelonthenet/commodity_prices.html

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