Proven Fuel Reserves
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ENERGY
Fossil Fuels
Proven Fuel Reserves
Proven fuel reserves shift dramatically with technology and market swings
9 hours ago
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Why do proven fuel reserves change over time despite the physical amount of fossil fuels underground remaining constant?
Because the physical amount of fossil fuels underground is constantly increasing due to natural processes.
Because proven reserves include all fossil fuels discovered, regardless of extraction feasibility or cost.
Because advances in technology and changes in economic conditions affect the recoverability and profitability of extracting these fuels.
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