Saturday, March 19, 2011

Oily reports

World oil reserves: 1,392 billion barrels*
World yearly oil production: 32.5 billion barrels (2011)

Years of reserves left at current production levels: 42.8

*Not included: Venezuela oils sands mentioned in previous post

Years of reserves left with Venezuela oil sands: 58.6

And here's a chart of oil consumption by region:

You can see that most places are fairly steady, with Eurasia taking decent dive and Asia taking a nice climb. Overall consumption is increasing. Oil reserves are also increasing, but at a slower pace.

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