WebNov 24, 2016 · Interestingly enough, even some of the countries that produce the most oil are at risk of running out of it. 10. Brazil. Production (1,000 b/d): 2,437.3. Proven reserves (millions of barrels): 16,184. Years of production left at current level: 18 years. 2015 import of crude oil (1,000 b/d): 251.7. WebSee also: List of countries by Oil Consumption. The world consumes 35,442,913,090 barrels of oil as of the year 2016, equivalent to 97,103,871 barrels per day. Global oil consumption per capita is 5 barrels of oil (199 gallons) per person yearly (based on the 2016 world population of 7,464,022,049 people) or 0.5 gallons per capita per day.
World Oil Statistics - Worldometer
WebAug 25, 2024 · In 1999, the American Petroleum Institute estimated that we'd run out of oil between 2062 and 2094; however, in 2006, the Cambridge Energy Research Associates estimated that we actually had … WebApr 18, 2024 · BP claimed in 2014 that the Earth has enough oil left for another 53 years. But do we really trust BP on this kind of thing? And even if it is true, is it really that much better than 40 years? Optimists believe we may have significantly more untapped oil than previously thought, with natural gas also helping to extend liquid gold's life span. brother brother brother isley brothers
The world has 53.3 years of oil left - USA TODAY
WebThe platform, called the Hibernia, is expected to recover 615 million barrels of oil over 15 to 20 years. That’s not much compared with, say, the 200 billion barrels that Saudi Arabia holds in its oil fields. But it’s a good example of how oil companies are branching out and squeezing oil from improbable places. WebApr 27, 2024 · In spring 2024, for example, the global demand in oil dropped by over 15% from winter 2024 due to the reduction in airline and road travel. Oil consumption has recovered since the shock of the pandemic. The International Energy Agency estimates that worldwide demand for oil will be about 100 million barrels per day for the next few years. WebJan 18, 2024 · It is predicted that we will run out of fossil fuels in this century. Oil can last up to 50 years, natural gas up to 53 years, and coal up to 114 years. Yet, renewable energy … brother brother christian band