Who Will Run out of Oil First?

Using the Cia world factbook numbers on known oil reserves and oil production per day per country, i will find out which major oil producing country will run out of oil first. i will not focus on imports, exports or consumption, instead i will only focus on oil production. Oil is taken from the ground by a giant pump like object, then it goes to a factory to be produced into something else (diesel, gasoline, jet fuel) and then it is either consumed or exported. This is my logic, and this is my graph.

World Production will run out in 15,670 days or 43 years at current day paces assuming no more giant oil reserves are found.



It is good to know that canadian oil is in good hands with Stevie-H. He's being smart about our reserves and not selling future genereations out to this generation. At this pace, canada will be the second last country to run out of oil and that will be in 142 years. imagine how much we can charge for oil when nobody else has any except canada and America's 51st state Iraq.

It is amazing that America and China will be running out of oil so soon. America, at its current pace will run out in 6 years, while china only has 12 years left. i would say that america is in better position than china though, just because the invasion of Iraq makes them the preferred trading partner of many iraqi businesses.

I'll buy my toyota hybrid in 143 years i guess. but wait. maybe we shouldn't wait for oil to run out and we should start buying our toyota hybrids today? theres something to think about unless your still thinking about my awesome graph.