A measure of the wealth available to owners and operators of hydrocarbon-bearing reservoirs, oil reserves are the estimated amounts of oil or gas that can be economically recovered from reservoirs. In the 1970s, an energy crisis precipitated by a spike in oil prices prompted the development of new oil fields in Alaska and the North Sea, boosting the world’s reserves from 645.8 billion barrels in 1978 to 1,052.9 billion in 1998. Today, many nations do not reveal data about their reservoirs. Why? Discuss
Source: The Free Dictionary