Definition of Proved Reserves in Energy

Answered using GPT-4o mini by AI Answer Generator

Question:

Proved reserves of a nonrenewable energy source are ________.

measures of useful energy produced the extent of known energy reserves reserves that will be exhausted due to overuse by humans refined and captured but not able to be reused quantities of fuel that can be recovered using current technology and prices

externalized costs economies of scale the challenges of unfamiliar technologies limited consumer knowledge and understanding

Answer:

Proved reserves of a nonrenewable energy source are quantities of fuel that can be recovered using current technology and prices.

This definition indicates that proved reserves are those quantities of energy resources that are known to exist and can be extracted economically with the technology available at the time.