ESL Lesson 1
Oil in Our Every Day Life
ESL Lesson 2
The History of Mining
ESL Lesson 3
Economic growth
ESL Lesson 4
Delivery Systems
ESL Lesson 5
Cities and Population Movement
ESL Lesson 6
Recycling
ESL Lesson 7
Rubber
ESL Lesson 8
Farming
World Oil Consumption 2006 - 86.4 million barrels a day
Best estimates also have been made for true recoverable reserves in various (different) oil fields, and what the extraction rate has been and now is. Errors (mistakes) in estimates for small oilfields are unimportant. Errors for mega-oilfields are crucially (critically) important.
The figures below are estimated production profiles for conventional (pump it from the ground), i.e. 'cheap' oil (unconventional [tar sands/oil shale] excluded) The ASPO model seems most balanced, numbers below.
| 2005 | million barrels day | |
|---|---|---|
| Middle East Gulf | 20 | ASPO end 2005 estimate |
| Russia | 9.2 | ASPO end 2005 estimate |
| USA (lower 48) | 3.6 | ASPO end 2005 estimate |
| China | 3.15 | ASPO 2004 projection |
| Mexico | 3.04 | ASPO 2004 projection |
| Norway | 2.62 | ASPO 2004 projection |
| Nigeria | 2.34 | ASPO 2004 projection |
These 7 major oil producers deliver about 43 million barrels of 'cheap' crude oil a day. Around half the oil that the world burns up every day comes from these 7 high volume producers alone.
| 2010 | million barrels day | |
|---|---|---|
| Middle East Gulf | 19 | ASPO 2004 projection |
| Russia | 8.4 | ASPO end 2005 projection |
| USA (lower 48) | 2.8 | ASPO end 2005 projection |
| China | 2.57 | ASPO 2004 projection |
| Mexico | 2.37 | ASPO 2004 projection |
| Nigeria | 2.14 | ASPO 2004 projection |
| Norway | 1.82 | ASPO 2004 projection |
These 7 major oil producers deliver around 39 million barrels of 'cheap' crude oil a day.
**(Note: DD) This set of numbers from ASPO is similar with a decline of 4 million barrels by 2010. The above project list from http://www.naturalhub.com of new projects to come on line through 2010 adds up to 4,340,000 barrels. This is under the best case with no delays, no higher metals prices that will cancel or delay projects and building the specialized refineries to process ultra-high sulfur on time, and most importantly, they meet their production target (pump the amount they said they would)**
Continue to: OPEC Warning
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Oil in Our Every Day Life
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Glossary of Oil & Gas Terms
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World Crude Oil Production Forecast
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More Oil Fields will be Found
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Some Producing Oil Fields by size
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Expected Oil fields by year 2006-2010
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Future from 2010
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World Oil Consumption 2006
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OPEC Warning
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Carbon black shortages slow down mining
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