Oil supplies
According to the CIA world fact book Australia has enough proved oil reserves to fuel the entire world for only 48 days if current consumption continues.
Barrels used per day in the world: 75 million.
Australia's reserves: 3.664 billion
Are the CIA figures accurate?
If they are then we could continue operating on current levels of oil use for 13,521 days (37 years). Over time this will become more expensive to extract (easy pickings being used up).
Either we find new energy sources (I'm a big fan of renewables) or we find new oil deposits. Australia will use up its known sources in 14 years at the current rate.
Barrels used per day in the world: 75 million.
Australia's reserves: 3.664 billion
Are the CIA figures accurate?
If they are then we could continue operating on current levels of oil use for 13,521 days (37 years). Over time this will become more expensive to extract (easy pickings being used up).
Either we find new energy sources (I'm a big fan of renewables) or we find new oil deposits. Australia will use up its known sources in 14 years at the current rate.
0 Comments:
Post a Comment
<< Home