World+Oil+Production,+Consumption,+Reserves

__ (Bryan Fabert) __  (millions of barrels as of January 1,2002): Saudi Arabia: 261,750 Canada: 180,000 (2003 data) Iraq: 112,500 United Arab Emirates: 97,800 Kuwait: 96,500 Iran: 89,700 Venezuela: 77,685 Russia: 48,573 Libya: 29,500 Mexico: 26,941 Nigeria: 24,000 China: 24,000 United States: 22,045 Qatar: 15,207 Norway: 9,947 Algeria: 9,200 Brazil: 8,465 Oman: 5,506 World: 1.032 trillion barrels
 * WORLD OIL Production, Consumption, Reserves **
 * Reserves **

(millions of barrels per day): Saudi Arabia: 8.528 United States: 8.091 Russia: 7.014 Iran: 3.775 Mexico: 3.560 Norway: 3.408 China: 3.297 Venezuela: 3.137 Canada: 2.749 United Arab Emirates: 2.550 United Kingdom: 2.540 Iraq: 2.377 Nigeria: 2.223 Kuwait: 1.838 Brazil: 1.589 Algeria: 1.486 Libya: 1.427 Indonesia: 1.384 Oman: .964 Argentina: 825 World: 75.226 million per day Annual: 28.18 billion
 * Production **

(Millions of barrels per day): United States: 19.993 Japan: 5.423 China: 4.854 Germany: 2.814 Russia: 2.531 South Korea: 2.126 Brazil: 2.123 Canada: 2.048 France: 2.040 India: 2.011 Mexico: 1.932 Italy: 1.881 United Kingdom: 1.699 Spain: 1.465 SaudiArabia: 1.415 Iran: 1.109 Indonesia: 1.063 Netherlands: .881 Australia: .879 Taiwan: .846
 * Consumption **

 (Note: discoveries of 2003 and 2004 have vastly increased the oil reserves of both Canada and Australia. They both seem to harbor more oil than Iraq and both may be able to compete with Saudi Arabia) ** How long will it last? **  Using these data (estimated reserves: 800 billions of barrels, world consumption: 76 millions per day), it looks like planet Earth has have oil for about 10,000 days, i.e. about 27 years if consumption doesn't increase. If consumption increases an average 5% a year, then we have oil for about 15 years. But the US Geological Survey estimates the amount of oil that is still to be found at about 3 trillions, three times the oil reserves known today (it is not clear if "all" that oil can actually be pumped to the surface and therefore used).