U.S. Oil Reserves Bigger Than Saudi Arabia’s
5th July 2016
DreamstimeThe Rystad Energy consultancy has just released its new calculations of global oil reserves and estimates that the U.S. may harbor as much 264 billion barrels of oil compared to Saudi Arabia’s 212 billion barrels. Overall, world oil reserves exceed 2 trillion barrels. At current production rates, this is enough oil to supply the world for 70 years.
Feel free to look up ‘Peak Oil’ if you’re in the mood for some idle amusement.