Peak Oil News

Wednesday, March 10, 2004

The Best News and Analysis from the World Crisis Web
Oil - The Illusion of Plenty"One hundred and twelve billion of anything sounds like a limitless quantity. But in terms of barrels of oil, it's just a drop in the gas tank. The world uses about 27 billion barrels of oil per year, meaning that 112 billion barrels--the proven oil reserves of Iraq, the second largest proven oil reserves in the world--would last a little more than four years at today's usage rates. "


Post a Comment

<< Home