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The depleting oil supplies need to meet with the growing demand for oil and natural gases across the globe however the information regarding oil and natural gas production, oil consumption, oil demand from the past is certainly not precise or strictly speaking, undependable. In addition, diverse researchers have made use of diverse standards in accessing the future of natural gas and oil supplies that offers varied results for a common problem. For all these vital reasons, the predictions made on the future of oilfield service company and natural gas companies are certainly not reliable to the fullest. Lots of issues give rise to these imprecision in prediction, right from the point of compiling the information using estimates and trade reports from individual countries. Not to deny, the information is partly untrustworthy in view of the fact that they are manipulated for social and economic causes. Rough estimates are always not reliable for they didn’t help forecasting the future to precision. In addition, the voluntary interference from the various governments of countries have a considerable impact on the oil industries across the globe that impedes the process of recording the true facts about the oil and natural gas resources available across the world.