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3 March, 08:07

The ratio of reserves to annual production (R/P) is an indication of: The ratio of reserves to annual production (R/P) is an indication of:

how much oil each OPEC country is allowed to produce

how much energy countries are allowed to hold in reserve

the number of years the known reserves will last the price/barrel as determined by the total output around the world

the effect of non-OPEC countries on total world production

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  1. 3 March, 08:24
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    the number of years the known reserves will last

    Explanation:

    R/P = reserve amount of known resource existing in an area / amount of resource tapped or extracted in one year at current rate.
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