Energy information Administration Official Energy Statistics from the US government
http://www.eia.doe.gov/oiaf/forecasting.html
The above report indicates that the US will be using primarily oil as our main energy source through 2030.
The world's total declared reserves are 1,317,400,000,000 barrels (January 2007).
http://en.wikipedia.org/wiki/Oil_reserves
World oil consumption 2005 is 80,290,000 barrels per day or 29,305,850,000 per year
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2174rank.html
Dividing annual consumption into total reserves gives us 44.9 years of oil supply at the current consumption rate.
That was eleven (11)years ago, we are not changing your habits and this spells doom for us all.
Do you have any suggestions--?
Libya will be an interesting place to watch.
Thank you all for participating in this discussion—
http://www.eia.doe.gov/oiaf/forecasting.html
The above report indicates that the US will be using primarily oil as our main energy source through 2030.
The world's total declared reserves are 1,317,400,000,000 barrels (January 2007).
http://en.wikipedia.org/wiki/Oil_reserves
World oil consumption 2005 is 80,290,000 barrels per day or 29,305,850,000 per year
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2174rank.html
Dividing annual consumption into total reserves gives us 44.9 years of oil supply at the current consumption rate.
That was eleven (11)years ago, we are not changing your habits and this spells doom for us all.
Do you have any suggestions--?
Libya will be an interesting place to watch.
- Libya’s current production rate is 1.8 million barrels of oil a day
- At that rate Libya will exhaust all its reserves within 63 years
- Existing oil fields undergoing a 7–8% decline rate
Thank you all for participating in this discussion—