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Oil Reserves

Volume 940: debated on Monday 28 November 1977

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asked the Secretary of State for Energy what estimate he has made of the length of time oil will be used as a source of energy.

On current reserve estimates it is expected that United Kingdom production of oil will last well into the next century but in declining quantities, and that while demand for oil, as a source of energy will also decline, this fall will not be sufficiently fast to avoid the need for future oil imports.