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America about 40%oEstimated the world consumes about 90 million barrels of petroleum per day
oBarrel is 42 US gallons, 159 litersoAbout 3.78 billion gallons of petroleum per dayWho Got It. Who gotta get it. Who gets the Green from it.oConsumption: who uses it34-50% of every countries energy source US is the number one oil consumerOver 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 oReserves: Who’s got itOil reserves: the amount of technically and economically recoverable oilProven reserves: claim to have a reasonable certainty (90% confidence) ofbeing recovered under existing technological, economic and political conditions.Top Proven ReservesVenezuelao296.5 billion barrels of proven reservesSaudi Arabiao265.5 Billion barrels of proven reserves Canadao175 billion barrels of proven reservesIranIraqKuwaitUAERussiaLibya