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Old 01-31-2011, 05:00 PM  
Bill8
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Join Date: Oct 2001
Posts: 1,901
Quote:
Originally Posted by Vendzilla View Post
http://en.wikipedia.org/wiki/Oil_reserves actually, as it stands, the US has about 8, not a few, and I wonder if that number reflects those oil reserves that are in the gulf and north dakota as I don't think they know how much exactly we have there yet.
That's a good chart - but it has a flaw.

Look up the number, in billions of gallons per year, that the US uses.

It varies a bit, and is down a bit now.

Then divide.

Here, I'll make it easy - this is the official DOE number.

http://www.eia.doe.gov/ask/crudeoil_...s_consume_year

Quote:
In 2009, the United States consumed a total of 6.9 billion barrels of oil (refined petroleum products and biofuels), which was about 27% of total world oil consumption.
Now, when our economy was booming, we were using about 8.2 billion gallons per year, but we are much weaker now.

Interesting to see this chart now says we have 21 billion gallons of oil reserves - a year ago the same chart would have said 23.
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