The Future of Oil - Video

The Future of Oil (2006)

A nother take on the oil situation, with less talk of doom and the end of civilization. Prof Roland Horne, of Stanford University, explains how much oil we have left. Gives the history of oil production, Peak Oil, and current oil exploration.

There's approximately Two Trillion barrels of oil left on earth, but we'll only be able to extract half. We've used around One Trillion barrels to date, with demand growing as China and India develop, and catch up with the west.