Usa buys more oil From? Go on guess
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Marc Clifton wrote: and is the second largest proven reserve (Russia I guess is the first, or some other Arab state???). I believe the first is Serbia, I'm not positive though "We will thrive in the new environment, leaping across space and time, everywhere and nowhere, like air or radiation, redundant, self-replicating, and always evolving." -unspecified individual
Saudi Arabia has the largest. See my post above for the official OPEC numbers. Iran, Kuwait & UAE are all close thirds: each has 96,500+ Some ideas are so stupid that only an intellectual could have thought of them - George Orwell
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I don't know where the article gets these figures, but after comparision with OPEC's official report, They seem rather suspect. OPEC's 2001 figures 2001 annual statistical bulletin (latest available...) Proven reserves million barrels: Iraq 112,500 Saudi Arabia 262,967 Latin America 123,896 Eastern Europe 60,370 Total World 1,107,850 Crude Imports 1000 b/d (note:1000, NOT million) USA 9,223 Western Europe 11,552 France 1,713 Germany 2,123 Total World 38,113 so, at 2001 rates, the world supply will be exhausted in 29,067 days, or 79 years. Not 14 years, but still imminent enough for concern. :~ Some ideas are so stupid that only an intellectual could have thought of them - George Orwell
All his numbers are based on the assumption that the entire world gets all its oil from Iraq. Based on that assumption, the world would exhaust oil supplies in 14 years. I have no idea why he makes the assumption that the entire world would need to use ONLY Iraqi oil. ------------------------------------------ "Isn't it funny how people say they'll never grow up to be their parents, then one day they look in the mirror and they're moving aircraft carriers into the Gulf region?" - The Onion
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Well, I was... But it wasn't my fault. Here is my first link again: http://api-ec.api.org/media/index.cfm?objectid=2D4B1FD8-5520-42EF-BBE7500E86499E98&method=display_body&er=1&bitmask=001007000000000000[^] Check the last two tables down at the bottom. This is where I got my numbers. The heading says (MB/D) instead of (TB/D). I knew I wasn't going crazy!!! :laugh: Tim Smith I'm going to patent thought. I have yet to see any prior art.
They are appearantly using M as an abbreviation for 1000. Check the spelled out numbers in the earlier paragraphs. (i seem to remember som idiotic industries used M for 1000 , but thought this had gone the way of the DoDo. Guess not.) Some ideas are so stupid that only an intellectual could have thought of them - George Orwell
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All his numbers are based on the assumption that the entire world gets all its oil from Iraq. Based on that assumption, the world would exhaust oil supplies in 14 years. I have no idea why he makes the assumption that the entire world would need to use ONLY Iraqi oil. ------------------------------------------ "Isn't it funny how people say they'll never grow up to be their parents, then one day they look in the mirror and they're moving aircraft carriers into the Gulf region?" - The Onion
No, he did say he assumed Iraq was 1/2 the total, which was a bad assumption. As was the assumption that the US represents 50% of the world total consumption - closer to right, but still a bit high. Some ideas are so stupid that only an intellectual could have thought of them - George Orwell
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You know, some things are beginning to click. According to the article, Iraq as 112 billion barrels proven, + 100 billion unproven, and is the second largest proven reserve (Russia I guess is the first, or some other Arab state???). Generously, that makes 212 billion barrels. At a US consumption rate of 20 million barrels, plus let's assume another 20 million for the rest of the world (I'm totally guessing here), that means the Iraqi oil fields can sustain 212,000 million barrels ------- 40 million barrels per day or 5,300 days = 14 years. No wonder he wants to promote hydrogen power. Our oil reserves are heading for a major crisis. And no wonder he wants to secure Iraq. He wants the oil for the US. And he certainly doesn't want Russia to become a superpower being the only remaining area in the whole world with undeveloped oil fields. Even if my numbers are wrong, I suspect we're going to see a lot of changes in the political/energy landscape in the next 50 years. Marc Help! I'm an AI running around in someone's f*cked up universe simulator.
Sensitivity and ethnic diversity means celebrating difference, not hiding from it. - Christian Graus
Every line of code is a liability - Taka MuraokaBased on current pumping rates, how many years until known oil reserves are exhausted?
Iraq 128.98
Kuwait 127.70
United Arab Emirates 114.81
Saudi Arabia 85.13
Iran 67.25
Azerbaijan 67.02
Venezuela 63.58
Qatar 55.57
Other S. & Cent. America 41.21
Nigeria 30.41
Kazakhstan 27.71
Cameroon 24.69
Italy 24.42
Yemen 23.08
Mexico 21.52
Brunei 21.05
Gabon 19.97
Angola 19.44
Russian Federation 19.25
Algeria 18.25
Brazil 18.09
Other Former Soviet Union 16.05
Romania 16.01
Trinidad & Tobago 15.34
Other Asia Pacific 15.13
Oman 14.77
Republic of Congo (Brazzaville) 14.34
Ecuador 14.18
Thailand 14.17
Uzbekistan 13.77
Australia 12.56
Turkmenistan 12.47
Denmark 11.81
Malaysia 11.40
Syria 10.99
Egypt 10.72
USA 10.52
Indonesia 10.21
Argentina 9.85
Norway 8.02
Colombia 6.44
Canada 6.20
United Kingdom 5.94
Vietnam 5.85http://www.networkideas.org/news/sep02/news24_USA_Iraq_Conflict_Oil.htm[^] At a US consumption rate of 20 million barrels, plus let's assume another 20 million for the rest of the world (I'm totally guessing here) The USA consumes about 895.6 million tonnes of oil, which is about 25.5 per cent of global oil consumption. I believe China was set to surpass the US as the world's largest oil consumer. I'm not sure if that has happened, yet, but if it hasn't already, it will occur within the next couple of years. Saudi Arabia has the largest amount of oil reserves (260 billion barrels). While Iraq does have the second largest (112 billion), there are a lot of close-runners for the second through fifth positions. Iraq only makes up about 10% of the world's known oil reserves. Proven oil reserves - the top five states: Saudi Arabia 262,784 Iraq 112,500 United Arab Emirates 97,800
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No, he did say he assumed Iraq was 1/2 the total, which was a bad assumption. As was the assumption that the US represents 50% of the world total consumption - closer to right, but still a bit high. Some ideas are so stupid that only an intellectual could have thought of them - George Orwell
No, he did say he assumed Iraq was 1/2 the total, which was a bad assumption. He said: According to the article, Iraq as 112 billion barrels proven, + 100 billion unproven, and is the second largest proven reserve (Russia I guess is the first, or some other Arab state???). Generously, that makes 212 billion barrels. At a US consumption rate of 20 million barrels, plus let's assume another 20 million for the rest of the world (I'm totally guessing here), that means the Iraqi oil fields can sustain 212,000 million barrels ------- 40 million barrels per day He assumes that Iraqi proven (112) + unproven (100) oil = 212. Then, he goes on to use that number (212) in his calculation against 40 million consumed worldwide. ( In reality, Iraq represents 12% of the world's known oil reserves and the US consumes 25% of the world's oil. ) ------------------------------------------ "Isn't it funny how people say they'll never grow up to be their parents, then one day they look in the mirror and they're moving aircraft carriers into the Gulf region?" - The Onion
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No, he did say he assumed Iraq was 1/2 the total, which was a bad assumption. He said: According to the article, Iraq as 112 billion barrels proven, + 100 billion unproven, and is the second largest proven reserve (Russia I guess is the first, or some other Arab state???). Generously, that makes 212 billion barrels. At a US consumption rate of 20 million barrels, plus let's assume another 20 million for the rest of the world (I'm totally guessing here), that means the Iraqi oil fields can sustain 212,000 million barrels ------- 40 million barrels per day He assumes that Iraqi proven (112) + unproven (100) oil = 212. Then, he goes on to use that number (212) in his calculation against 40 million consumed worldwide. ( In reality, Iraq represents 12% of the world's known oil reserves and the US consumes 25% of the world's oil. ) ------------------------------------------ "Isn't it funny how people say they'll never grow up to be their parents, then one day they look in the mirror and they're moving aircraft carriers into the Gulf region?" - The Onion
My appologies. You are right. Just like the article that started the thread, its easy to prove the absurd if you are "selective" about your data. An interesting note is that Western Europe (as a whole) consumed more than the US - 2001 figures: 30.3% to US's 24.2%. ... Some ideas are so stupid that only an intellectual could have thought of them - George Orwell