Table A.3.—Value of the Resource, Additions, and Depletion of All Subsoil Assets, Present Discounted Value Method Using 3% Discount Rate

Year Billions of current dollars Billions of 1987 dollars
Opening stock Additions Depletion Revaluation adjustment Closing stock (1+2-3+4) Opening stock Additions Depletion Closing stock/1/ (6+7-8)
(1) (2)(3)(4)(5)(6)(7)(8)(9)
1958155.66.15.65.0161.1921.642.034.6929.4
1959161.17.65.7-1.1161.9929.452.036.5946.0
1960161.93.45.94.5163.9946.027.537.5935.1
1961163.97.96.03.5169.3935.148.938.2946.4
1962169.39.26.23.5176.0946.454.539.3962.6
1963176.07.56.54.6181.6962.646.841.0968.6
1964181.610.06.7.2185.1968.658.742.4986.0
1965185.19.86.8-.4187.7986.060.643.71,003.9
1966187.79.17.1-1.2188.51,003.956.946.51,014.8
1967188.59.27.42.8193.11,014.857.548.71,024.0
1968193.17.57.6.1193.11,024.044.750.71,017.4
1969193.14.57.92.1191.81,017.428.652.7991.3
1970191.824.78.714.2222.0991.3146.755.31,089.1
1971222.08.79.06.9228.51,089.141.554.81,074.7
1972228.55.59.36.4231.21,074.729.355.21,046.7
1973231.25.69.636.1263.41,046.729.755.21,020.3
1974263.410.211.968.2329.81,020.337.452.91,004.0
1975329.87.915.486.8409.21,004.025.950.3978.7
1976409.211.420.376.6476.9978.725.350.3953.1
1977476.928.923.348.0530.5953.157.150.5959.8
1978530.519.425.930.5554.5959.838.652.3945.9
1979554.536.430.992.4652.4945.956.653.7949.6
1980652.442.837.3109.8767.7949.660.153.9956.7
1981767.735.142.914.9774.8956.739.353.6942.6
1982774.842.462.6157.3911.8942.631.751.7922.8
1983911.871.280.6215.51,117.9922.837.650.2911.0
19841,117.986.384.119.61,139.6911.047.853.1906.5
19851,139.680.476.6-105.01,038.4906.558.552.6914.1
19861,038.454.062.7-87.2942.4914.147.251.3911.3
1987942.454.351.3-104.2841.4911.354.351.3916.0
1988841.428.137.5-97.6734.4916.035.852.3900.6
1989734.442.437.326.5766.0900.654.751.3904.1
1990766.050.941.837.2812.4904.160.751.5913.6
1991812.436.343.1-.1805.4913.642.351.4903.9

1. Because of the simplifying assumptions used in the calculation of stocks for this method, closing stocks are not necessarily equal to opening stocks plus additions less depletion. For most years, the differences are very small.

Table A.2

Table A.4