America about 40 o Estimated the world consumes about 90 million barrels of

America about 40 o estimated the world consumes about

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