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Peak Oil Clarification

22 January 2006, 21:30

Here’s the latest numbers from the US Dept of Energy. If you can prove me wrong, go for it.

Global Crude Oil
1.3 trillion barrels left
30 billion barrels pumped per year
1,300/30=43 years left

US Crude Oil
21 billion barrels left
3.2 billion barrels pumped per year
21/3.2=6.5 years left


Global Natural Gas
6,000 trillion cubic feet left
100 trillion cubic feet used per year
6,000/100=60 years left

US/Canada Natural Gas
255 trillion cubic feet left
26 trillion cubic feet used per year
255/26=9.8 years left


What part of "running out of domestic oil and natural gas in the next 10 years" doesn’t make sense here? It shocks me how people can stare at these numbers and deny the problem! The only thing worse than promoting irrational fear is promoting ignorance.

Source: http://www.eia.doe.gov/

Aaron