3 ms·
I'd imagine that in such a situation, a lot of things would be shut down - there's a good chance it'd last a little more than 35 days when use is lower.
by claudiawerner 7y ago
I'd imagine that in such a situation, a lot of things would be shut down - there's a good chance it'd last a little more than 35 days when use is lower.
- dpbriggs 7y agoAnd North American production will ramp up as quickly as possible. We've seen very expensive oil in the last decade which has made a variety of alternative extraction methods economical. Not entirely sure how a situation could arise where oil production is impossible.
- mdorazio 7y agoExactly. For example, right now we're operating at somewhere around 25% less transit than normal [1] and that's without even specifically targeting reducing oil consumption. In an oil emergency situation we could probably get to 30-40% reduction pretty quickly. [1] https://www.geotab.com/blog/impact-of-covid-19/ https://www.geotab.com/blog/impact-of-covid-19/
- tobylane 7y agoOf that 20m/day normal use, the reserves can only bring up about 4.5m/day, so that’s more like 150 days.