Wednesday, April 28, 2010

How long will U.S. and world oil reserves last?

This is assuming the consumption rate remains a constant.How long will U.S. and world oil reserves last?
It depends on whether we continue to find new reserves or if the rate of discovery peters out.





So probably at least 50 years. Probably several decades longer. Maybe less if countries like India and China increase consumption.How long will U.S. and world oil reserves last?
The world's total known oil reserves will last for a maximum of less than another 50 years at current consumption rates. The U.S. only has enough oil to last for a year or two at current consumption rates, if we were able to pump all of it out of the ground for our use.





Check out the sites below for more info.

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