Wait – what is 'fracking'? An energy vocabulary quiz.

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2. Got it, but 'oil reserve' is the same as 'oil resource,' right?

Lang Lang/Reuters/File
(Read caption)

No, 'resource' is the total oil in place, but not necessarily recoverable; 'Reserve' is the amount that can be recovered with existing technology

 

No, 'reserve' is the total oil in place and 'resource' is what we can recover with current technology

 

Yes, they are the same

 

Yes, they mean the same thing but Americans say 'reserve' while the British say 'resource'

 
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