How Much Oil is Left? By, Chase Carter By, Chase Carter.
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Transcript of How Much Oil is Left? By, Chase Carter By, Chase Carter.
![Page 1: How Much Oil is Left? By, Chase Carter By, Chase Carter.](https://reader035.fdocuments.net/reader035/viewer/2022062407/56649e255503460f94b14f2c/html5/thumbnails/1.jpg)
How Much Oil is Left?How Much Oil is Left?
By, Chase Carter
By, Chase Carter
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What is a Barrel of Oil?What is a Barrel of Oil?
42 US Gallons 158.987 Liters Crude Oil Tires, Parachutes,
Telephones, Tennis Rackets, Heart Valves, Hearing Aids
42 US Gallons 158.987 Liters Crude Oil Tires, Parachutes,
Telephones, Tennis Rackets, Heart Valves, Hearing Aids
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Proved Oil ReservesProved Oil Reserves
Proved reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated with a high degree of confidence to be commercially recoverable from a given date forward, from known reservoirs and under current economic conditions.
CIA World Factbook
Proved reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated with a high degree of confidence to be commercially recoverable from a given date forward, from known reservoirs and under current economic conditions.
CIA World Factbook
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Current Global EstimatesCurrent Global Estimates
2,272.5 Billion Barrels USGS World Petroleum Assessment and
Analysis 2009 1,526.3 Billion Barrels
BP Statistical Review of World Energy 2011 1,468 Billion Barrels
CIA World Factbook 2011 1,342.207 Billion Barrels
Oil & Gas Journal 2009
2,272.5 Billion Barrels USGS World Petroleum Assessment and
Analysis 2009 1,526.3 Billion Barrels
BP Statistical Review of World Energy 2011 1,468 Billion Barrels
CIA World Factbook 2011 1,342.207 Billion Barrels
Oil & Gas Journal 2009
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Where is the Oil?Where is the Oil?
1. Saudi Arabia: 262,600,000,000 barrels2. Venezuela: 211,200,000,000 barrels 3. Canada: 175,200,000,000 barrels 4. Iran: 137,000,000,000 barrels5. Iraq: 115,000,000,000 barrels6. Kuwait: 104,000,000,000 barrels 7. UAE: 97,800,000,000 barrels8. Russia: 60,000,000,000 barrels 9. Libya: 46,420,000,000 barrels 10.Nigeria: 37,200,000,000 barrels
1. Saudi Arabia: 262,600,000,000 barrels2. Venezuela: 211,200,000,000 barrels 3. Canada: 175,200,000,000 barrels 4. Iran: 137,000,000,000 barrels5. Iraq: 115,000,000,000 barrels6. Kuwait: 104,000,000,000 barrels 7. UAE: 97,800,000,000 barrels8. Russia: 60,000,000,000 barrels 9. Libya: 46,420,000,000 barrels 10.Nigeria: 37,200,000,000 barrels
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Where is the Oil?Where is the Oil?
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Organization of Petroleum Exporting Countries
Organization of Petroleum Exporting Countries
Founded September, 1960 in Baghdad, Iraq
Founding States: Iraq, Iran, Kuwait, Saudi Arabia, and Venezuela
Qatar, Indonesia*, Libya, United Arab Emirates, Algeria, Nigeria, Ecuador, Gabon* and Angola
Founded September, 1960 in Baghdad, Iraq
Founding States: Iraq, Iran, Kuwait, Saudi Arabia, and Venezuela
Qatar, Indonesia*, Libya, United Arab Emirates, Algeria, Nigeria, Ecuador, Gabon* and Angola
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How Much Oil Does OPEC Control?
How Much Oil Does OPEC Control?
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So, How Much is Left?So, How Much is Left?
Global Consumption: 85.51 mil bbl/day Global Proved Reserves: 1,468 bil bbl 1,468,000,000,000 / 85,510,000 =
17,167.58 days or 47.034 years Disregarding Growth! Based on CIA World Factbook
Numbers
Global Consumption: 85.51 mil bbl/day Global Proved Reserves: 1,468 bil bbl 1,468,000,000,000 / 85,510,000 =
17,167.58 days or 47.034 years Disregarding Growth! Based on CIA World Factbook
Numbers
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How Much is Left in the USHow Much is Left in the US
U.S. Consumption: 19.15 mil bbl/day U.S. Proven Reserves: 20.68 billion bbl 20,680,000,000 / 19,150,000 =
1079.9 days or 2.96 years Disregarding Growth! Based on CIA World Factbook
Numbers
U.S. Consumption: 19.15 mil bbl/day U.S. Proven Reserves: 20.68 billion bbl 20,680,000,000 / 19,150,000 =
1079.9 days or 2.96 years Disregarding Growth! Based on CIA World Factbook
Numbers
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Thank YouThank You
Hope This Made You ThinkHope This Made You Think