Plenty of oil remains, Exxon manager says

As a public affairs manager for ExxonMobil Corp., Sara Tays is frequently asked if the world’s oil supply is on the verge of running out.

Tays, the featured speaker at the Greater Beaumont Chamber of Commerce’s luncheon Thursday, said this concern was first raised in the late 19th century.


Demand has increased exponentially since then but new technology is constantly uncovering new supplies and the end is not yet in sight.

Tays said ExxonMobil estimates that global conventional oil resources total around 3.2 trillion barrels and noted that this estimate has increased annually in the past 20 years because of the discovery of new supplies with technology such as 3D seismic imaging.

“We certainly need to conserve and be more efficient, but I don’t think we’re going to run out tomorrow,” she said.

Beaumont Enterprise