The article from Reuters is actually Arctic's oil could meet world demand for 3 years. One paragraph in particular caught my eye:The Arctic accounts for about 13 percent of the world's undiscovered oil, 30 percent of the undiscovered natural gas and 20 percent of the undiscovered natural gas liquids, the agency said in the first publicly available petroleum resource estimate of the entire area north of the Arctic Circle.Essentially, what I pulled from the article was that in the realm of undiscovered oil, 13% would satisfy the world for 3 years. So, the question I had was how long would whole 100% last.
The public schools catch a lot of flack, but you just have to solve for the variable. Hence, Y x .13 = 3 years. Just divide each side by .13, to isolate Y (or Years of oil left). The answer, 23.07 years. The next question would be ...
How much known oil is left?
