The world uses over 36 billion barrels of oil per year
Around the world, people use around 100 million barrels of oil and liquid fuels per day, which adds up to over 36 billion barrels per year. This number has been rising rather than falling over the last decade and may continue to rise despite the increasing popularity of alternative and green energy resources.
How many years of oil is left in the world?
We currently consume the equivalent of over 11 billion tonnes of oil from fossil fuels every year. Crude oil reserves are vanishing at a rate of more than 4 billion tonnes a year – so if we carry on as we are, our known oil deposits could run out in just over 53 years.
What Will Happen If We Run Out of Oil and Petroleum?
Between 1965 and 2005, humanity has seen an increase in demand for crude oil by about two and a half times. We are using twice as much coal and three times more natural gas. At present, crude oil constitutes around 33% of global energy needs.
Credits: dare-energy.com
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