America about 40 o estimated the world consumes about

America about 40%
o Estimated the world consumes about 90 million barrels of petroleum per day

o Barrel is 42 US gallons, 159 liters
o About 3.78 billion gallons of petroleum per day
 Who Got It. Who gotta get it. Who gets the Green from it.
o Consumption: who uses it
 34-50% of every countries energy source
 US is the number one oil consumer
 Over 19 million barrels of oil daily
 #2 China uses about 10 million barrels of oil daily
 #3 Japan 5 million barrels of oil daily
 #4 India 3.2 million barrels of oil daily
 #5 Russia 3 million barrels of oil daily
 #6 Saudi Arabia
 #7 Brazil
 #8 Germany
 #9 South Korea
 #10 Canada
 industrialized richer countries use more oil
o Reserves: Who’s got it
 Oil reserves: the amount of technically and economically recoverable oil
 Proven reserves: claim to have a reasonable certainty (90% confidence) of
being recovered under existing technological, economic and political
conditions.
 Top Proven Reserves
 Venezuela
o 296.5 billion barrels of proven reserves
 Saudi Arabia
o 265.5 Billion barrels of proven reserves
 Canada
o 175 billion barrels of proven reserves
 Iran
 Iraq
 Kuwait
 UAE
 Russia
 Libya
