Easy Oil Estimate

Finding consumption data

http://www.eia.doe.gov/emeu/international ->consumption
1980 63.1M bbl/d 2009: 83.7 Mbbl/d
1980: 23.0 Gbbl/y 2009: 30.6T bbl/y
Average and multiply by 30 is 0.8 T bbl.

Finding reserve data

http://www.eia.doe.gov/emeu/international ->reserves
1980: 0.6 Tbbl 2010: 1.3 Tbbl
Will you ever trust a reserve estimate again?


To cite this page:
Easy Oil Estimate
<http://www.physics.ohio-state.edu/~wilkins.5/energy/Resources/Lectures/oilestimate.html>
[Tuesday, 12-Dec-2017 03:08:36 EST]
Edited by: wilkins@mps.ohio-state.edu on Monday, 04-Oct-2010 08:52:12 EDT