According to the oil company Chevron and British Petroleum, humanity has consumed with dizzying speed, about half of all known oil reserves in the world today. A staggering one trillion barrels. Which we took about 125 years to do it. Oil consumption began back in 1858 when Edwin L. unemployed Machinist Drake, funded by the Seneca Oil Company began to drill for oil in some emerging wells opened in Titusville Pennsylvania. Shortly after magnate JD Rockefeller would initiate one of the largest business empires in history with his famous Standard Oil, founded in 1870. Making a quick
arithmetical account what remains of proven and probable reserves of oil, which are approximately between 1.2 and 1.5 trillion and the daily consumption of oil in the world, which is of 84.5 million barrels a day, the results yield, we are between 40 and 50 years of oil in the world, that if the linear continuous consumption without growing. But according to data from the Chevron Texaco, will take us just 30 years, we have just the remaining oil in the world due to the huge increase in consumption each year is increased by 2%. The short time remaining oil consumption is in terms of a human generation, an instant. Those children are now enrolled in the first grade will find a world without oil in the early years of his professional life.
But is there nothing more to discover? Virtually the entire planet has been swept with advanced surveying instruments and over again, in search of some oil field. The places that had been reached in that effort, ranging from the frozen northern lands of Canada, the shrines of Alaska and Siberia of Russia to the abysmal deepwater Gulf of Mexico and Angola. Every day is harder to find oil in reservoirs is becoming much smaller and it is becoming much more expensive to use. In the sixties are easily discovered up to 40 billion barrels a year at various sites in the world. But this trend has actually declined, to 7 billion barrels discovered per year. We are not replacing even half of the 30 billion barrels we consume every year.
oil companies have failed to incorporate significant oil reserves despite the efforts in the search, which has gradually resulted in reduced budgets for exploration. Oil companies have chosen to buy stocks of other companies through corporate mergers to avoid the drop in equity and bankruptcy actions. In addition to the problem of the difficulty of finding more oil in the world oil reserves have another serious problem that must be the perverse use of the data that companies and oil states with their own interests. OPEC came under severe criticism in the eighties, when suddenly, all its members increased the volume of its reserves to pump more oil, because the quotas were allowed to extract defined by the size of reserves. Much of the oil that OPEC claims the fictitious but nobody can come to scrutinize the data due to the closure of the States Arab.
On the side of private companies also think of something similar. In order to maintain high prices for their actions, to be profitable and attractive, large companies have also fallen into the practice of distorting the estimates of its reserves. Recently the directors of the company Shell, had to face a lawsuit after an external audit, discovered that the reserves data were inflated. This originated to be lowered about 4 billion barrels in the Shell, erupted in anger shareholders and filed a lawsuit against those responsible. To get an idea of \u200b\u200bthe amount of oil that was subtracted from the Shell can say that this amount is roughly equivalent to the reservoir containing the second largest in Mexico, the Ku Maloob Zaap. A good part of all oil reserves in the world are nothing more than paper barrels for financial reasons. The
critical depletion of oil reserves is not that if we have 30 or 40 years of oil consumption, but when it's time it starts the decline of the world because that seriously affect the entire world economy . According to geological theories that describe the behavior of the production of a well or a field or an entire country, is just the time it has recovered about half of total volume, when production begins to decline inexorably. If Chevron says that we have spent nearly half the world's oil reserves, we can assume that we are very near the beginning of the decline in production throughout the world.
