Quote:
Originally Posted by tankdriver
That's weird considering how much more drilling has been opened in the decades after '49. I wonder if, gasp, opening for drilling doesn't necessarily increase supply. BTW, is this stat level of production minus what's produced for the strategic reserve?
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The strategic reserve to puny
"This equates to 33 days of oil at current daily US consumption levels of 21 million barrels a day."
Also, I believe American use closer to 65% of thier consumption in their SUV`s. This would be about 12.7 million barrels per day, or about 13% of total world consumption.