But technological advances in the way we find and tap oil and natural gas have propelled estimates of available reserves far beyond anything Hubbard could have imagined.
Because no one bothers to spend the money proving minerals reserves available for longer than that.
There currently appears to be sufficient supply of non-Iranian oil to permit foreign countries to significantly reduce their import of Iranian oil, taking into account current estimates of demand, increased production by countries other than Iran, inventories of crude oil and petroleum products, and available strategic petroleum reserves.
"We urge you to immediately take steps to boost heating oil supplies and to ensure that adequate reserves are available on the East Coast by September, " the 34 lawmakers said in letter to the oil firms.
Surely, Bernanke and Company could find a way to allow rates to rise a bit while making bank reserves more freely available.
The Scottish government said there were "very substantial" reserves of salt available.
Once Big Data becomes Any Data, and every company has figured out how to handle and make use of the vast reserves of information available, the winners will be easy to spot.
In recent years, the Welsh government has made tens of millions of pounds available to health boards from its reserves late in the financial year to avoid them breaching their annual budgets - which they are legally prohibited from doing.
Hi-Crush, structured as a limited partnership selling units to investors, intends to pay out its available cash quarterly after paying expenses and establishing reserves.
Smaller businesses, in particular, may be sensitive to concerns about the national debt because they may lack the rainy-day resources and cash reserves that a larger company may have available to ride out tough times, she said.
"Based upon the information currently available, Wyeth believes that there is no basis to change reserves relating to the diet drug litigation, " the firm said in a statement released after the close of trading Thursday.
Recent regulatory changes have prompted a significant decline in loss provisions, meaning that banks will not need to set aside as high levels of reserves for potential losses and will have more capital available for other uses.
Conservative candidate Matthew Ellis said that he would look to use the money available "more efficiently" and would use some of the force reserves.
Led by Ministry of Energy and Water Resources director general Shaul Tzemach, the Tzemach Committee announced that they would now allocate about 84 percent of available natural gas for export use, with the assurance that additional reserves be found that would ensure domestic demand is first met.
Consequently, a biosphere reserve is subject to the influence of numerous legal international, national and local treaties and documents, which suggests that the management of biosphere reserves is in fact the coordination and maximised use of locally available legal texts, human and financial resources.
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