An “Oil Boom”? For how long?
By: Germán Corredor Avella,
With an average production of 900,000 barrels per day, the country's current oil reserves would be exhausted in around four years. Rather than engaging in useless debate about a bonanza, analysis must focus, for example, on the ability to find 180 million barrels per year of new exploitable reserves in order to maintain the production levels that have been achieved.