World Oil Production by Country – World’s Oil Reserves

World Oil Production by Country – World’s Oil Reserves

World Oil Production by Country

This report is going to depict World Oil Production by Country. We will also go over some brief statistics about what we know to exist in the World Oil Reserves. We all know that as it is today, when it comes to oil, once it’s gone its gone, so knowing how much is currently needed to maintain our level of existence is pretty important right?

The world is a vast place that is rich with all sorts of different minerals and ores that mankind has exploited over its time here to enhance our quality of living and survival rate. It is only natural that we would eventually consume all there is here on Earth and eventually push into space in search of more precious materials on other planets and the like. However we are not quite there yet, so while we wait for those glorious days to come, let’s really look at what we are currently producing as a people when it comes to Oil Power Generation!

World Oil Production by Country

Breaking it down on a country by country basis would take too long because of how many countries we have here on Earth, so for this report we are going to cover the top 5 countries in the world and how much oil they are producing. We will also briefly get into the World Oil Reserves and how much is estimated to be left!

Saudi Arabia #1

Number 1 on our list of World Oil Production by Country and the top Oil Power Generation nation is the country of Saudi Arabia. The Saudi Arabian people produce an estimated 9.76 million barrels a day or about 3.5 trillion barrels of oil each and every year; that is if they pumped 9.76 million barrels each and every day for a year; which they currently do not. Compared to the World Oil Reserves, the Saudi Arabian total oil reserve is estimated to be about 259.9 billion barrels or 19.20%.

Canada #2

Number 2 on our list is Canada. Canada has actually recently discovered deposits of oil in sands, but for this report we are going to stick to straight up oil production and reserves. The Canadian people produce about 3.29 million barrels a day or just over 1.2 trillion barrels a year, if they were to continue pumping at the same rate every single day for a year. Canada has the second largest oil reserve stockpile in the world coming in at 175.2 billion barrels or 12.94%. (Not including new discoveries)

Iran #3

Number 3 on our list of World Oil Production by Country is Iran. Iran has an Oil Power Generation rate of about 4.18 million barrels of oil each day; which works out to be just about 1.5 trillion barrels each year should they pump 4.18 million barrels every day consecutively. The Iranian people have a total of 137.6 billion barrels of oil in their soil or 10.16% of the world’s total reserves.

Iraq #4

Number 4 on our list is the country of Iraq. Iraq produces an estimated 2.4 million barrels of oil each day; which would work out to be just about 875 billion barrels each year if they pumped 2.5 million barrels every single day. Coming in at about 8.5% of the World Oil Reserves, the Iraqi oil reserves is an estimated 115 billion barrels of oil located under their soil.

Kuwait #5

The country of Kuwait comes in fifth on our list, with an Oil Power Generation rate of just about 2.5 million barrels a day. If they were to continually pump 2.5 million a day, every day for a year that would be just over 900 billion barrels a year. Held within the soil of Kuwait is an estimated 101.5 billion barrels of oil or 7.5% of the world’s total reserves..

World Oil Production by Country In Closing

The World Oil Reserves have never been so vast and yet they have also never been so scarce. As the World Oil Production by Country levels increase and more nations come to depend on Oil Power Generation to keep them comfortable we are faced with the greatest challenge to face mankind yet.

New and sustainable energy resources are being discovered, researched, tested and tested again as I type this; however all things are pointing to a continued reliance on oil as our primary source of energy generation for some time to come.

Imagine a world where all the oil is gone and then imagine a world that is no longer stable because that’s what would happen if an alternative means of generating energy isn’t found before we run out of this ever so precious natural resource. Scary to think about, but is it realistic to prepare for right?

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#World #Oil #Production #Country #Worlds #Oil #Reserves

World Oil Production by Country – World’s Oil Reserves

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