The Modern Oil Civilization is summed up in this famous Saudis' saying: "My father rode a camel. I drive a car. My son flies a jet. And his son will ride a camel 🐪."

Annual World Oil Consumption = 38 billions barrels of oil.

Global proven oil reserves are estimated at approximately 1.57 trillion to 1.77 trillion barrels of crude oil, which is expected to last roughly 47 to 57 years at current consumption rates.

*******************************************

Top Countries with Proven Oil Reserves

• Venezuela: ~303 billion barrels (~17.2% share)

• Saudi Arabia: ~258 billion to 267 billion barrels (~15.1% share)

• Iran: ~209 billion barrels (~11.8% share)

• Canada: ~163 billion to 170 billion barrels (heavy reliance on oil sands)

• Iraq: ~145 billion barrels

• United Arab Emirates: ~98 billion to 113 billion barrels

• Kuwait: ~102 billion barrels

• Russia: ~80 billion barrels

• United States: ~38 billion to 74 billion barrels (depending on inclusion of shale oil)

• Libya: ~48 billion barrels

*********************************************