Quote:
Originally Posted by JMintzer
You're off by a more than a power of 10...
"Saudi Arabia has proven reserves equivalent to 221.2 times its annual consumption. This means that, without Net Exports, there would be about 221 years of oil left (at current consumption levels and excluding unproven reserves)."
Missed it by -that- much...
|
I can't believe it. This IS SO OBVIOUS. Saudi Arabia EXPORTS the majority of the OIL that it pumps out of the ground. At the current rate that Saudi Arabia SELLS to the world .....they ONLY have 20 years worth. How can I be doubted??????
It is MEANINGLESS how long their OIL would LAST if ONLY they consumed it.
This brings up the point that probably the US should never again export its OIL because it should keep it in the bank (the ground) to use for medicines and some for plastics.........although I would prefer more use of things like wood bowls and furniture instead of plastics.