Word: proven
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Dates: during 1970-1979
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...difficult to come by; witness the Central Intelligence Agency's forays into the slippery field of oil forecasting. In his drive for a conservation-oriented energy program early last year, President Carter leaned heavily on a CIA forecast for his ominous prediction that depletion of all of the proven reserves "in the entire world" could begin by the end of the 1980s. Now comes another CIA report, this one prepared by Richard Nehring, a policy analyst for the Rand Corp., which concludes that doomsday is considerably further...
Discoveries in the southeast region of Mexico particularly excite U.S. oilmen. The country has recently revised its estimates of proven reserves* from 14 billion bbl. to 20 billion bbl., which would put it in a league with Venezuela, and officials are happily suggesting that the total may be as high as 200 billion bbl. If so, that would put Mexico in a class with the present leading oil country, Saudi Arabia, which has proven reserves in the area of 180 billion...
Among the energy optimists, the rosiest view is offered by Dutch Economist Peter Odell, who has concluded that world oil reserves, including deposits in deep sea areas and the polar regions, stand at 4,500 billion bbl., or seven times current proven reserves. That is also well above the Rand Corp.'s estimate, which puts the reserves within a range of 1,700 billion bbl. to 2,300 billion bbl. Odell argues that the size of some known fields has been greatly underrated, notably the North Sea and Orinoco Oil Belt, whose resources he believes are even "greater than...
...describing oil reserves, "proven" is one of the few universally accepted definitions. It generally refers to the minimum amount of oil that can be recovered from known reservoirs under existing economic and operating conditions...
Defensively both squads have proven secondaries, but Harvard must stymie Cornell's multiple-I running game for a surefire victory. Crimson captain Steve Potysman says, "once they settle down they run right at you." Restic adds, "if Holland carries the ball 30 to 40 times it will be hard for us to stay with them...