List of countries by proven oil reserves

https://www.oil-price.net/

This list gives the oil reserve in Million Barrels.

1 ton = 7 barrels.

Complete List see Here

Total world oil reserve is 1,481,526 million barrels.
=
281,526 million tons
=
281 billion tons

So roughly, we can go with oil for 281/5=50 years, let’s say, in 30 years, we will run out of oil.

By EVS

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TURBOII030
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油价若跌到3字头,美页岩油也会吃不消。图美国奥克拉荷马州的输油管。

https://www.oil-price.net/
https://www.oil-price.net/
https://www.oil-price.net/

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  油价短短3个多月的时间,从54美元杀到43美元,眼看难逃3字头魔咒。美国页岩油积极恢复生产是目前油市最大威胁,专家预估,油价可能要杀到40美元以下,才能迫使页岩油减产。

TURBOII030
Admin

OPEC Confounds Skeptics, Agreeing First Oil Cuts in Eight Years OPEC will reduce output by about 1.2 million barrels a day by January, the group said, fulfilling a plan sketched out in Algiers in September to cut its production to 32.5 million barrels. The agreement exempted Nigeria and Libya, but gave Iraq its first quotas since the 1990s. 32,5 million barrels/day => 0.0325 billion 365 days = 12 billion barrels /year = about 2 billion tons oil/year = 12*50 = 600 billion USD/year ==> this is not really that much of money per year. Broader than expected agreement to include… Read more »