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Current world-wide oil production is c. 83 million barrels per day [1]. With the estimated 511 billion barrels, about 2x of Saudi Arabia’s reserves (2005, [2]),
by mif 2y ago
Current world-wide oil production is c. 83 million barrels per day [1]. With the estimated 511 billion barrels, about 2x of Saudi Arabia’s reserves (2005, [2]), that would last for about 15 years.
[1] https://ycharts.com/indicators/world_crude_oil_production https://ycharts.com/indicators/world_crude_oil_production
[2] https://www.nationmaster.com/country-info/stats/Energy/Oil/Reserves https://www.nationmaster.com/country-info/stats/Energy/Oil/R...