How many years can global oil be exploited?

Oil is a non-renewable resource. How long it can be exploited depends on the following factors:

1. What has been proven Reserves: According to statistics from the World Energy Conference, as of 2013, the world's proven recoverable oil reserves totaled 121.1 billion tons and natural gas 119 trillion cubic meters. At the current rate of oil consumption, it is expected that it can be exploited for 40 to 60 years; however, oil exploration will make new discoveries every year. For example, my country's current annual new geological reserves remain at about 1.5 billion tons.

One concept that still needs to be clarified is recoverable reserves. Not all reserves can be mined, and recoverable reserves generally account for up to 30% of geological reserves. Of course, there is also the improvement of scientific and technological level, which will bring about the advancement of mining technology. Some of the original oil blocks that are temporarily undeveloped will be gradually utilized.

Currently, Saudi Arabia has the highest proven reserves, accounting for 18% of the world's total reserves; followed by Venezuela with 15%; Canada with 12%; Iran with 10%; Iraq with 8%; Kuwait with 7%; and the United Arab Emirates with 6.6%. ; Russia 4%; Libya 3%; Nigeria 2.5%; Kazakhstan 2%; the United States ranks 13th, accounting for 1.5%, and my country ranks 14th, accounting for 1%.

2. Growing petroleum energy consumption:

Taking my country as an example, the total petroleum consumption in 2013 was 500 million tons, of which 280 million tons relied on imports, and the degree of foreign dependence was as high as 57%, and the external dependence on natural gas is 38%; as the total number of private cars continues to rise, this proportion is still increasing year by year. Moreover, our country still has nearly 10 million tons of high-sulfur crude oil that cannot be refined due to technological limitations and needs to be exported.

During the same period, the United States' dependence on foreign oil was 50%, and by 2015, the number of electric vehicles in the United States will exceed 1 million units; at the same time, it will vigorously develop geothermal, wind power, solar energy and other clean energy sources; the United States Domestic oil is only exploited in Alaska and the central Gulf of Mexico. Most of the oil wells are closed and are only used for geological exploration. The main importing countries are Saudi Arabia, Canada and Venezuela.

3. The earth’s liquid energy reserves, which have been cultivated for billions of years, will eventually be exhausted by humans. Developing clean energy and reducing environmental pollution, especially the development of nuclear fusion power generation, are the main directions of future energy. So there is no need to worry. With the continuous advancement of science and technology, the level of human development and utilization of energy will also become higher and higher. Chemistry Energy will eventually be eliminated!

How many years can oil be extracted?

How many years can global crude oil be extracted?

Global Oil Distribution Map

Everyone is familiar with oil. As a non-renewable resource, how long can oil be used?

From the ongoing wars in the Middle East, we can see the tension around oil in the world. Every day's futures conditions and stock market conditions in the world are closely related to the world's crude oil prices that day. Any meeting of OPEC, the Middle East oil exploration alliance, will attract the attention of people around the world. Every armed conflict there, big or small, can lead to American involvement. This is all because oil is scarce and controlled by a few countries.

Let’s take a look at the distribution of crude oil in the world. Overall, there is an extreme imbalance: from the perspective of the Eastern and Western Hemispheres, about 3/4 of the oil resources are concentrated in the Eastern Hemisphere, and the Western Hemisphere accounts for 1/4; from the perspective of the Northern and Southern Hemispheres, oil resources are mainly concentrated in the Northern Hemisphere; from the perspective of latitudinal distribution, they are mainly concentrated in the Northern Hemisphere. Within the two latitude zones of 20°-40° and 50°-70° north latitude. The two major oil areas of the Persian Gulf and the Gulf of Mexico and the North African oil fields are all located within 20°-40° north latitude. This zone contains 51.3% of the world's oil reserves; within the 50°-70° latitude zone are the famous North Sea oil fields, the Russian Volga and Siberian oil fields and the Gulf of Alaska oil region.

However, even if the truly developed countries have large oil reserves, they will not exploit them in large quantities. It is a basic policy of developed countries to buy as much as they can from abroad. After all, money can be unlimited, but oil needs to be used less. Therefore, they use the money they earn around the world to buy oil all over the world, while their own oil is left untouched until other people's oil is used up.

So, how long can these seemingly large amounts of oil be used by people around the world:

This is a controversial issue. Some experts believe that there is only enough oil on the earth for 30 to 40 years, while others believe that it can be used for 1 to 200 years, and the latest data clearly points out that there is still 70 to 80 years left. On June 7, 1998, the Los Angeles Times of the United States published an article titled "The Coming Oil Crisis—The Real Crisis" and concluded that the world's oil supply seems to be sufficient in the next 10 years or so. Over the next 20 years or so, global oil production may begin to decline continuously. While market forces and improvements in oil production technology are likely to keep oil supplies going into the 21st century, an oil crisis could come much earlier than generally assumed. Currently, global daily oil consumption has reached 71 million barrels, increasing by almost 2% every year. At this annual increase, by 2010 the world will have consumed half of all the oil that is economically and technologically easy to extract.

Despite the astonishing progress in geological exploration technology, the number of new oil reserves discovered has decreased significantly, because the ratio of existing oil consumption to newly discovered oil is 4:1. By 2003, both developed and developing countries will eventually face an oil crisis. In the 20th century, the world relied mainly on abundant and low-priced oil to drive the economy forward. If the oil depletes, the world economy will face severe challenges. "Middle East News" believes that by the end of 1997, the amount of oil extracted reached 807 billion barrels, half of which was extracted in the turbulent 1970s. According to some conservative estimates, oil reserves do not exceed 830 billion barrels. Some reports indicate that the world's total oil reserves are approximately 995 billion barrels. At present, the world consumes 24 billion barrels of oil every year, but newly discovered oil is getting less and less, only 5 billion barrels every year. Oil reserves outside the Middle East are declining. Oil resources are limited.

According to the latest estimates from the American Petroleum Industry Association, there are less than two trillion barrels of untapped crude oil reserves on the planet, which can be exploited by humans for no more than 95 years.

How many years can the world’s oil and coal be mined?

Although it is impossible to estimate the amount of oil and natural gas in the formation very accurately, petroleum experts have made a rough estimate of the amount of oil reserves: Human beings have poured water into the earth since 1973 500 billion barrels (about 80 billion tons) of oil were claimed, accounting for 85% of the proven reserves at the time; since then, newly discovered oil fields have almost doubled the reserves. It is generally estimated that there are currently about 137 billion tons of oil reserves on the earth. According to the current production level, 3 billion tons of oil are mined every year around the world. In this way, the oil on the earth can still be exploited by humans for 40 to 50 years. . 10,316 tons of coal are stored and will be mined for 230 years. In 200 years, all oil and coal will be mined. As extraction advances, oil and coal reserves will rise. Based on current consumption levels, the lifespan of oil and coal available to humans will fluctuate between 200 and 250 years. But today's energy usage trend is towards energy conservation and efficiency, so the service life will increase, and humans will also find energy sources that can replace coal and oil.

How many years can global oil reserves last?

According to the current world oil consumption rate, the 1.6 trillion barrels of oil will be consumed in about 60 years. Moreover, the world's oil consumption rate has not stagnated, but is increasing year by year. Currently, global daily oil consumption has reached 71 million barrels, increasing by almost 2% every year. At this annual increase, by 2010 the world will have consumed half of all the oil that is economically and technologically easy to extract. Despite the astonishing progress in geological exploration technology, the number of new oil reserves discovered has decreased significantly, because the ratio of existing oil consumption to newly discovered oil is 4:1. In the near future, both developed and developing countries will eventually face an oil crisis. In this century, the world has mainly relied on abundant and low-priced oil to drive the economic wheel forward. If the oil depletes, the world economy will face severe challenges. The Middle East News believes that by the end of 1997, the amount of oil extracted has reached 807 billion barrels, half of which It was mined in the 1970s when oil was in turmoil. According to some conservative estimates, oil reserves do not exceed 830 billion barrels. Some reports indicate that the world's total oil reserves are approximately 995 billion barrels. At present, the world consumes 24 billion barrels of oil every year, but newly discovered oil is getting less and less, only 5 billion barrels every year. Oil reserves outside the Middle East are declining. Oil resources are limited. According to estimates from the American Petroleum Industry Association, there are less than two trillion barrels of untapped crude oil reserves on the planet, which can be exploited by humans for no more than 95 years. Before 2050, the development of the world economy will increasingly rely on coal. Later, between 2250 and 2500, coal will also be exhausted, and the supply of fossil fuels will be exhausted. Facing the coming energy crisis, the world has realized that it must adopt a strategy of increasing revenue and reducing expenditure, that is, saving energy on the one hand, and developing new energy sources on the other.

How long can the world’s oil be used now?

How long can the world’s oil be used?

Over the years, experts have come to different conclusions. Most experts believe that the age of oil will last at least two to three centuries. Pessimistic experts believe that oil shortage is imminent and that if efforts are not made to develop alternative energy sources, there will be tragic consequences.

Although it is impossible to estimate the amount of oil and natural gas in the formation with great accuracy, oil experts roughly estimate that humans have demanded about 500 billion from the earth from the early 1970s to 2000. ~800 billion barrels of oil (one ton is equal to approximately 7 barrels), accounting for 85% of the proven reserves at that time. Since then, new oil discoveries have nearly doubled savings. French expert Gianessini believes that the current backlog of oil reserves is about 1 trillion barrels, which is enough for human consumption for 40 to 50 years (based on the current oil consumption rate). In addition to these 1 trillion barrels, there are approximately 1 trillion barrels of oil yet to be discovered. This means that there are a total of 2 trillion barrels of oil underground that can be exploited and utilized for human consumption for nearly 80 years.

How many years can the world’s oil be exploited?

A statistical report on global energy this year published by British Petroleum (BP) shows that proven global energy reserves can still meet the overall demand in the near future. Based on the current mining rate, global oil reserves can be produced for more than 40 years, while natural gas and coal can be supplied for 67 and 164 years respectively.

The report stated that the world’s proven oil reserves do not exceed 1.19 trillion barrels at most, and more than 60% of oil reserves are distributed in the Middle East. Among them, Saudi Arabia has the highest oil reserves in the world, with a total amount of more than 262.7 billion barrels, accounting for 22% of the world’s proven oil reserves; Iran ranks second in global oil reserves, with approximately 132.5 billion barrels of oil reserves; Iraq’s Oil reserves account for 10% of the world's proven oil reserves; closely followed by Kuwait, which has 8% of the world's proven oil reserves. However, experts point out that based on the rate at which Saudi Arabia increased its oil production in 2004, Saudi Arabia is likely to exhaust its existing resource reserves earlier than Iran.

In addition to the huge oil reserves in countries in the Middle East, Venezuela in South America and Russia in Europe each have a 6% share of proven global oil reserves.

The report also pointed out that 2004 was the second year of sustained rapid growth in the global energy market. The growth of all fuel consumption exceeded the average growth rate of the past 10 years. Strong energy consumption promoted oil, Natural gas and coal prices rose.

How many years can oil production last?

The top five countries in oil production are: Saudi Arabia, Russia, the United States, Iran and China. The five largest oil consuming countries: the United States, Japan, China, Germany and Russia. Oil and gas reserves As of January 1, 2004, the global estimated proven oil reserves were approximately 173.4 billion tons, an increase of 4.36% over the previous year. The reserves in Africa grew the fastest, reaching 12.42%, and the Middle East increased by 6.01%. , reserves in the Western Hemisphere, Western Europe, the Asia-Pacific region, Eastern Europe and the former Soviet Union were basically the same as the previous year. The estimated proven reserves of natural gas are 172.07 trillion cubic meters, an increase of 10.45% over the previous year. Saudi Arabia and Russia still rank first in the world's oil and natural gas reserves. The region with the largest reserves growth is the Middle East, with an increase of 27.20%. The largest decrease in reserves was in Western Europe, with a decrease of 3.22%. OPEC natural gas reserves increased significantly by nearly 23% over the previous year, accounting for 50.39% of the world's total natural gas reserves. Analysis of reserve-production ratio "Oil and Gas Magazine" analyzed the development years of some countries based on the average estimated oil production in 2003 and estimated reserves on January 1, 2004: Iraq 247.1 years, Kuwait 142.9 years, Abu Dhabi Zabi 136.5 years, Venezuela 105.8 years, Iran 91.8 years, the United States 11 years, Canada 55.5 years, and the United Kingdom 6 years.

How many years can global oil be exploited?

This question is difficult to answer. With the advancement of human technology, some reservoirs that were previously difficult to exploit have become exploitable. Unconventional oil and gas resources are also gradually being developed (such as shale oil and gas); and now the world is paying attention to "low-carbon environmental protection", and the use of new energy sources is also increasing investment in development. On the one hand, new technologies and new reservoirs are constantly being used to develop oil and gas fields, and on the other hand, the dependence on oil and gas resources is reduced, so it is difficult to say how many years it can be exploited.

If the current consumption level and extraction technology remain unchanged, oil and gas resources can still be exploited for at least 200 years... I hope this can help you (hope to adopt it)