Wait – what is 'fracking'? An energy vocabulary quiz.
2. Got it, but 'oil reserve' is the same as 'oil resource,' right?
No, 'resource' is the total oil in place, but not necessarily recoverable; 'Reserve' is the amount that can be recovered with existing technology
No, 'reserve' is the total oil in place and 'resource' is what we can recover with current technology
Yes, they are the same
Yes, they mean the same thing but Americans say 'reserve' while the British say 'resource'