Organic fuels are currently the main source of energy and, as numerous studies show, given the annual growth in global energy consumption, they will remain so in the medium term. Despite the fact that oil will gradually lose its dominant position in the energy sector, being replaced by more environmentally friendly and efficient energy sources, the need for it, given its widespread use in the energy sector and in a number of other industries, will remain quite high. In this regard, the concerns of many scientists and specialists are caused by the exhaustion of oil resources both in Russia and on our planet as a whole. The article presents the results of the authors' analysis of oil production, consumption and reserves in the world, in various regions and in leading countries in terms of reserves and production. It is shown that the situation with the replenishment of oil resources to maintain the level of production required by the world economy is not acceptable for developing a long-term strategy for the oil industry development, even taking into account the abiogenic theory of oil origin, which proves its renewability, and which has been proven in recent years by many factual data and experimental results, including those obtained by Gubkin University.
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