1. How Much Oil is Left? By, Chase Carter By, Chase Carter

2. What is a Barrel of Oil?  42 US Gallons  158.987 Liters  Crude Oil  Tires, Parachutes, Telephones, Tennis Rackets, Heart Valves, Hearing Aids  42 US Gallons  158.987 Liters  Crude Oil  Tires, Parachutes, Telephones, Tennis Rackets, Heart Valves, Hearing Aids

3. Proved Oil Reserves  Proved reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated with a high degree of confidence to be commercially recoverable from a given date forward, from known reservoirs and under current economic conditions.  CIA World Factbook  Proved reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated with a high degree of confidence to be commercially recoverable from a given date forward, from known reservoirs and under current economic conditions.  CIA World Factbook

4. Current Global Estimates  2,272.5 Billion Barrels  USGS World Petroleum Assessment and Analysis 2009  1,526.3 Billion Barrels  BP Statistical Review of World Energy 2011  1,468 Billion Barrels  CIA World Factbook 2011  1,342.207 Billion Barrels  Oil & Gas Journal 2009  2,272.5 Billion Barrels  USGS World Petroleum Assessment and Analysis 2009  1,526.3 Billion Barrels  BP Statistical Review of World Energy 2011  1,468 Billion Barrels  CIA World Factbook 2011  1,342.207 Billion Barrels  Oil & Gas Journal 2009

5. Where is the Oil? 1.Saudi Arabia: 262,600,000,000 barrels 2.Venezuela: 211,200,000,000 barrels 3.Canada: 175,200,000,000 barrels 4.Iran: 137,000,000,000 barrels 5.Iraq: 115,000,000,000 barrels 6.Kuwait: 104,000,000,000 barrels 7.UAE: 97,800,000,000 barrels 8.Russia: 60,000,000,000 barrels 9.Libya: 46,420,000,000 barrels 10.Nigeria: 37,200,000,000 barrels 1.Saudi Arabia: 262,600,000,000 barrels 2.Venezuela: 211,200,000,000 barrels 3.Canada: 175,200,000,000 barrels 4.Iran: 137,000,000,000 barrels 5.Iraq: 115,000,000,000 barrels 6.Kuwait: 104,000,000,000 barrels 7.UAE: 97,800,000,000 barrels 8.Russia: 60,000,000,000 barrels 9.Libya: 46,420,000,000 barrels 10.Nigeria: 37,200,000,000 barrels

6. Where is the Oil?

7. Organization of Petroleum Exporting Countries  Founded September, 1960 in Baghdad, Iraq  Founding States: Iraq, Iran, Kuwait, Saudi Arabia, and Venezuela  Qatar, Indonesia*, Libya, United Arab Emirates, Algeria, Nigeria, Ecuador, Gabon* and Angola  Founded September, 1960 in Baghdad, Iraq  Founding States: Iraq, Iran, Kuwait, Saudi Arabia, and Venezuela  Qatar, Indonesia*, Libya, United Arab Emirates, Algeria, Nigeria, Ecuador, Gabon* and Angola

8. How Much Oil Does OPEC Control?

9. So, How Much is Left?  Global Consumption: 85.51 mil bbl/day  Global Proved Reserves: 1,468 bil bbl  1,468,000,000,000 / 85,510,000 = 17,167.58 days or 47.034 years  Disregarding Growth!  Based on CIA World Factbook Numbers  Global Consumption: 85.51 mil bbl/day  Global Proved Reserves: 1,468 bil bbl  1,468,000,000,000 / 85,510,000 = 17,167.58 days or 47.034 years  Disregarding Growth!  Based on CIA World Factbook Numbers

10. How Much is Left in the US  U.S. Consumption: 19.15 mil bbl/day  U.S. Proven Reserves: 20.68 billion bbl  20,680,000,000 / 19,150,000 = 1079.9 days or 2.96 years  Disregarding Growth!  Based on CIA World Factbook Numbers  U.S. Consumption: 19.15 mil bbl/day  U.S. Proven Reserves: 20.68 billion bbl  20,680,000,000 / 19,150,000 = 1079.9 days or 2.96 years  Disregarding Growth!  Based on CIA World Factbook Numbers

11. Thank You Hope This Made You Think