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How long will the total oil in US and territorial waters last?
The US has about 30 Billion barrels of proven oil reserves. If assume use no oil imports (US imports about 60% of use currently) and current rate of consumption (oil use in US has recently begun to go down) of about 20.7 Million Barrels a day - US oil proven reserves will be drained in about 4 years. If use current levels of import, the current reserves will last about 10 years. If add in estimated prospective oil reserves, the US has about 130 Billion Barrels (unproven) additional reserves. Of the 130 Billion Barrels, ~ 85 BBls are offshore (~20 BBls in currently off limits areas) and ~45 BBls under land (~10 BBls are in ANWR). The prospective reserves would last at current consumption levels about another 17 years (21 total) with no imports or about another 43 years (53 total) at current import levels. The US also has the largest formation of oil shale in the world, with an estimated 1.5 (some estimates are over 2) Trillion barrels of oil in oil shale in reserve or about twice the reserves of the entire middle east, but this oil is harder to get. If use 1.5 TBls with no imports, US has oil to last 200 years at current consumption with no imports and nearly 500 years if assume current import levels just from this source.
What is the total world consumption of crude oil?
consumption in 2006 was 82 million barrels per day (Bpd), see BP's World Energy statistics at www.bp.com
In which part of Europe are the reserves of magnesium located?
The main reserves in Europe are in Slovakia and Austria. Together, the two countries' reserves add up to around 1/50 of the world's reserves. The three countries with the largest reserves are Russia, China and North Korea.
One of the largest phosphate reserves in the world is located?
The largest phosphate reserves in the world are in Morocco. It is estimated that the country holds about 50% of the global reserves of this mineral.
What country has the largest known coal reserves in the world?
china
Who has the largest oil reserves?
According to the U.S. Energy Information Administration, the countries of the Middle East have the largest oil reserves, totaling over 739,000,000,000 barrels. This is more than half of the known reserves in the world of 1,317,447,000,000 barrels. The United States has roughly seven times the known reserves of oil then all of the Middle East. The Green Valley reserve has 4 trillion to 7 trillion barrels in it. The Baikan Reserve also has about 2 trillion barrels located inside of it. Neither of these reserves are currently used. The Middle East has the largest portion of tapped and pumping reserves in the world.
How many barrels are in Iraq's oil reserve?
Iraq has the second largest proven oil reserves in the world after Saudi Arabia with 112 billion barrels.
What are Mexico's oil reserves?
Right. Mexico is one of the largest producers of oil in the world.
What country has the second largest petroleum reserve in the world?
Saudi ArabiaProven oil reserves (billion barrels):267.91Total oil supply in 2012 (thousand barrels per day): 11,545.7Saudi Arabia has almost one-fifth of the world's proven oil reserves and ranks as the largest producer and exporter of oil in the world.
Which country is the richest in oil?
Venezuela – 304 billion barrels. Venezuela has the largest oil reserves of any country in the world, with more than 300 billion barrels of proven reserves Very Good Website Please Visit Your Website howtodiscuss 844 area code 844 area code
What major resource does Saudi Arabia have amid its dry desert land?
Oil, Saudi oil reserves are the largest in the world, and Saudi Arabia is the world's leading oil producer and exporter. Oil accounts for more than 90% of the country's exports and nearly 75% of government revenues. Proven reserves are estimated to be 263 billion barrels, about one-quarter of world oil reserves.
How long will the total oil in US and territorial waters last?
The US has about 30 Billion barrels of proven oil reserves. If assume use no oil imports (US imports about 60% of use currently) and current rate of consumption (oil use in US has recently begun to go down) of about 20.7 Million Barrels a day - US oil proven reserves will be drained in about 4 years. If use current levels of import, the current reserves will last about 10 years. If add in estimated prospective oil reserves, the US has about 130 Billion Barrels (unproven) additional reserves. Of the 130 Billion Barrels, ~ 85 BBls are offshore (~20 BBls in currently off limits areas) and ~45 BBls under land (~10 BBls are in ANWR). The prospective reserves would last at current consumption levels about another 17 years (21 total) with no imports or about another 43 years (53 total) at current import levels. The US also has the largest formation of oil shale in the world, with an estimated 1.5 (some estimates are over 2) Trillion barrels of oil in oil shale in reserve or about twice the reserves of the entire middle east, but this oil is harder to get. If use 1.5 TBls with no imports, US has oil to last 200 years at current consumption with no imports and nearly 500 years if assume current import levels just from this source.
What three countries in Latin America have the largest oil reserves?
Venezuela, Mexico, and Brazil qualify as such:Proven oil reserves (2014) in millions of barrels:Venezuela: 297,570 (largest reserves in the world)Brazil: 13,986 (15th)Mexico: 10,264 (16th)Oil production (2013) in millions of barrels per dayVenezuela: 3.02 (9th largest producer in the world)Mexico: 2.93 (10th)Brazil: 2.6 (12th)
Which South American country is a major producer of oil?
Venezuela has the largest oil reserves in the Western Hemisphere and was a founding member of OPEC. It has nearly 80 billion barrels of oil reserves and provides 15% of The United States' oil. It is the seventh largest producer of oil in the world.
What is Mexico's rankin oil production?
It is the seventh (7th) in the world, with a production of 3.19 million oil barrels a day representing 3.74% of the world's total production. As a means of comparison, the number one spot is for Saudi Arabia, with a production of 10.78 million oil barrels a day, representing 12.65% of the world's total.
When was World Surfing Reserves created?
World Surfing Reserves was created in 2008.
What percent of the world oil reserves are located in the area of responsibility of the US Fifth Fleet?
The Fifth Fleet is responsible for the Persian Gulf. The Persian Gulf countries of Bahrain, Iran, Iraq, Kuwait, Qatar, Saudi Arabia, and the United Arab Emirates are estimated to produced about 28% of the world's oil and they hold 55% (728 billion barrels) of the world's crude oil reserves.
