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OIL, Oil, Oil, where does it come from? Where does it go?

OIL, Oil, Oil, where does it come from? Where does it go?. The barrels show how much reserves each country has. Look below for producers, consumers and revenue ($$$). 2007 statistics. 65% of OPEC oil is in Middle Eastern countries. Did you know….

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OIL, Oil, Oil, where does it come from? Where does it go?

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  1. OIL, Oil, Oil, where does it come from? Where does it go?

  2. The barrels show how much reserves each country has. Look below for producers, consumers and revenue ($$$). 2007 statistics

  3. 65% of OPEC oil is in Middle Eastern countries.

  4. Did you know… According to the reference case of OPEC's World Energy Model (OWEM), total world oil demand in 2006 was put at 84.7 million barrels per day. As world economic growth continues, crude oil demand will also rise to 96.1million b/d in 2015, 102.2million b/d by 2020, and 113.3 million b/d by 2030, according to OPEC's "World Oil Outlook 2008" (page 33) reference case figures.

  5. Is the world running out of oil? • Oil is a limited resource, so it may eventually run out, although not for many years to come. • At the rate of production in 2010, OPEC's oil reserves are sufficient to last for more than 112 years, while non-OPEC oil producers' reserves might last less than 19 years. • The worldwide demand for oil is rising and OPEC is expected to be an increasingly important source of that oil. • If we manage our resources well, use oil efficiently and develop new fields, then our oil reserves should last for generations to come. • Source: OPEC

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