Life-span of oil reserves in major countries

[tyrant]

I prepared these numbers based on the whole extractable reserves and current production.
Non-extractable reserves were ignored.
........................
KSA : 67 years
UAE: 53 years
Kuwait:51 years
Iraq (2012 data): 132 years
Iran (2010 data:4.2 mb/day):121 years; Iran (current :2.1 mb/day):242 years
Russia: 15 years
USA:14 years
Nigeria:20 years
Norway: 8.7 years
Canada: No estimate at this point
Venezuela: No estimate at this point until the extractable amount of the newly found source is confirmed.

 

[rockstarIN]

Good info, I believe Canada and Venezuela has got more reserves than any other country.

Some countries are not even acknowledging their reserve details.

 

[SamranAli]

Iran has enough reserves...wow

 

[T90TankGuy]

I prepared these numbers based on the whole extractable reserves and current production.
Non-extractable reserves were ignored.
........................
KSA : 67 years
UAE: 53 years
Kuwait:51 years
Iraq (2012 data): 132 years
Iran (2010 data:4.2 mb/day):121 years; Iran (current :2.1 mb/day):242 years
Russia: 15 years
USA:14 years
Nigeria:20 years
Norway: 8.7 years
Canada: No estimate at this point
Venezuela: No estimate at this point until the extractable amount of the newly found source is confirmed.

could you elaborate how you arrived at this data?

 

[Cherokee]

Russia is being Underestimated way too much . They have discovered some Huge reserves in Past few months .

 

[VCheng]

USA is not running out of oil and other hydrocarbon resources anytime soon, certainly not 14 years:

Russia is being Underestimated way too much . They have discovered some Huge reserves in Past few months .

Yes, Russia is projected to be #3 in terms of production in 2020.

 

[Don Jaguar]

Venezuela has more oil than Saudi Arabia.

List of countries by proven oil reserves - Wikipedia, the free encyclopedia

 

[Don Jaguar]

USA is not running out of oil and other hydrocarbon resources anytime soon, certainly not 14 years:

Yes, Russia is projected to be #3 in terms of production in 2020.

Yar VCheng green card dilwa de.

 

[VCheng]

Yar VCheng green card dilwa de.

Important as that topic probably is, it will take this thread off topic. However, I would be happy to participate in another suitable thread, if you like.

 

[Don Jaguar]

Important as that topic probably is, it will take this thread off topic. However, I would be happy to participate in another suitable thread, if you like.

Kuch nahi ho ga idehr.

Bus ye bata de sub se easy tarika kia hai?

 

[tyrant]

Russia is being Underestimated way too much . They have discovered some Huge reserves in Past few months .

Having oil resources does not mean it is extractable. Some oil resources in north pole need several times more drilling for less oil.

Venezuela has more oil than Saudi Arabia.

List of countries by proven oil reserves - Wikipedia, the free encyclopedia

Yes. It does but I did not rank it now due to lack of info about the new source.

 

[tyrant]

USA is not running out of oil and other hydrocarbon resources anytime soon, certainly not 14 years:

Yes, Russia is projected to be #3 in terms of production in 2020.

I used the last updated resources in the news. USA has 5-6 times less oil compared to Kuwait.
Russia in 2020 is #3 but not in 2030.

 

[VCheng]

I used the last updated resources in the news. USA has 5-6 times less oil compared to Kuwait.
Russia in 2020 is #3 but not in 2030.

Please post up the sources of the data that you have used in your calculations.

 

[tyrant]

Please post up the sources of the data that you have used in your calculations.

for this section wiki is enough:
List of countries by proven oil reserves - Wikipedia, the free encyclopedia

but for full analysis of the extractable amount in major fields, quality of oil, and expense of extraction, I used several articles in geology and hydrocarbon industry that you can find on Elsevier or Springer (+updated country reports by following the news).

 

[VCheng]

for this section wiki is enough:
List of countries by proven oil reserves - Wikipedia, the free encyclopedia

but for full analysis of the extractable amount in major fields, quality of oil, and expense of extraction, I used several articles in geology and hydrocarbon industry that you can find on Elsevier or Springer (+updated country reports by following the news).

If you consider Wikipedia, USA has 20.7 billion barrels of proven reserves, which, at 9.7 million bbl per day production rate, would run out in under 6 years. That is not the case.

Unless you post up verifiable sources of your data, your calculations are similarly likely off the mark.