Which country has the most oil?
That includes 32 million barrels a day of crude oil only, and 68 million barrels of crude oil, condensates, NGLs and oil from non-conventional sources.
The estimate comes from the amount of oil each country believes they can produce from “proved reserves” (the reserves they currently have access to), using their existing technology, while still turning a profit, at the current rate of extraction.
That means without finding more reservoirs, reducing our consumption, or developing new technology, oil production could cease in 2067.
Not to say we can’t survive without oil, but the consequences of the end of oil production could force modern society as we know it to change drastically.
Leave a Comment