how many years do we have left of oil?
602700
Oil. Globally, 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.
42655
Globally, we currently consume the equivalent of over 11 billion tonnes of oil from fossil fuels every year.
1443920
Auto and tech industry experts predict it will be at least 12 years before fully autonomous vehicles are being sold to private buyers. Industry insiders think robotaxis will not be ready for widespread public use until 2025.
474365
Conventional petroleum currently has an estimated EROI of around 15 to 1 - such that for every unit of energy required to get oil to a consumer, the resulting oil contains 15 units of energy.
541496
At 1,688,000,000,000 barrels of crude oil, the Earth has 442,095,238,095 gallons of diesel fuel left. Assuming a mileage of 5.5 MPG, diesel fuel trucks have enough fuel left inside the planet to travel 2,431,523,809,524 miles. The estimate is enough to travel from the Earth to the sun and back again over 13,000 times.
1231874
Earth's geologic epochs—time periods defined by evidence in rock layers—typically last more than three million years. We're barely 11,500 years into the current epoch, the Holocene.
879309
In 2003, Scientific American found that Alaskan beaches could take 30 years to fully recover from the oil spill that has been considered "cleaned" for over two decades.
1231725
How many weeks left in 2020? - There are 27 weeks left in 2020.
1129307
There are 42 gallons (approximately 159 liters) in one barrel of oil. The energy contained in a barrel of oil is approximately 5.8 million British thermal units (MBtus) or 1,700 kilowatt-hours (kWh) of energy. This is an approximate measure because different grades of oil have slightly different energy equivalents.
963488
How Long Does an Oil Tank Last? In most cases, an oil tank will last between 15 and 20 years — roughly two or three times the length of the average residential occupancy.
883064
In 2019, the United States consumed an average of about 20.46 million barrels of petroleum per day, or a total of about 7.47 billion barrels of petroleum products.
1355610
There are 25 weeks and 2 days left until the end of 2019 (until 31st December 2020). Also – find out how many days left this year. Add this to your own 2019 Countdown.
757830
In 2019, the United States consumed an average of about 20.46 million barrels of petroleum per day, or a total of about 7.47 billion barrels of petroleum products. Last updated: March 3, 2020, with preliminary data from the Petroleum Supply Monthly, February 2020.
708969
In short, while there are a few opportunities that should pay off over time, the worst is still yet to come for the oil industry. There are likely to be a rash of bankruptcies in the weeks and months to come, and in order to avoid the worst of it, many investors may want to avoid the sector for now.
617053
The 42-gallon oil barrel was officially adopted in 1866. Today, a barrel's refined products include about 20 gallons of gasoline, 12 gallons of diesel and four gallons of jet fuel (and rocket fuel) and other products like liquefied petroleum gases and asphalt.
803903
Make that 18 months. Do you remember the good old days when we had "12 years to save the planet"? Now it seems, there's a growing consensus that the next 18 months will be critical in dealing with the global heating crisis, among other environmental challenges.
973027
The costs of continuing on our current energy path are steep. American consumers and businesses already spend roughly $700 billion to $1 trillion each year on coal, oil and natural gas, and suffer the incalculable costs of pollution from fossil fuels through damage to our health and environment.