Oilmen spent the energy equivalent of 1 barrel of oil to find and extract 100.

In the nineteen sixties, six barrels of oil were found for every one that was used.

For every four barrels of oil that we consume, we only discover one.

Four decades later, the world consumes between three and six barrels of oil for every one that it finds.

Of these fuels, oil is the most critical.

Jeremiah will never know how close he came to 20 million barrels of oil.

On the top line, this is the BP oil spill billions of barrels of oil gushing in the Gulf of Mexico.

1 billion barrels of oil will satisfy global demand for only 12 days.

By 2020, the daily demand for oil will be 120 million barrels.

2.2 to 2.4 million barrels of oil a day the same league as Kuwait, the same league as Venezuela.

From the photosynthetic growth, it would take 500 years of that growth to produce what we use, the 30 billion barrels we use per year.

When I was writing up my notes oil was 140 per barrel.

So here we are using 20 million barrels a day producing eight, importing 12, and from the 12, five comes from OPEC.

304. In 1997, offshore oil production worldwide increased to 22.5 million barrels per day, representing nearly one third of the world s total oil production.

We can save half the oil by using it more efficiently, at a cost of 12 dollars per saved barrel.

Looking at 30 billion per year, we look at our two largest suppliers, Saudi Arabia and now Canada, with its dirty oil.

And they claim they have 250 billion barrels of oil, which I do not believe.

Countries like ours that are net importers of oil have to produce more in order to export more and thereby to be able to import the same number of barrels of oil.

Here is the problem at 147 dollars a barrel, which we were in six months ago, the U.S. spent a ton of money to get oil.

When you look at the biggest user and the second largest user, we use 20 million barrels and the Chinese use 10.

One pain curer.

One pain curer.

The industrial sector is dominated by Hovensa LLC, one of the largest refineries in the world, situated in St. Croix, which produces 440,000 barrels of refined petroleum products daily.

Fracking technology has also enabled the US to tap its large shale oil reserves, making it the world s largest petroleum producer, ahead of Saudi Arabia. Citigroup estimates that, by 2020, oil will cost just 75 per barrel, and the former head of international forecasting at the OECD suggests that the number could be closer to 50.

Since 1860, geologists have discovered over 2 trillion barrels of oil.

One barrel of oil contains the energy equivalent of almost three years of human labour.

And the United States uses about 20 million barrels a day, which is about 25 percent of all the oil used everyday in the world.

Oil production continued to expand rapidly in the ESCWA region, rising to 19 billion barrels per day, an increase of 6 per cent over its 2003 level.

As mentioned above, oil production continued to grow rapidly in the ESCWA region, expanding by 6 per cent from its 2003 level and generating 19 billion barrels per day.

Because each barrel of oil emits roughly 0.3 tons of CO2, a carbon tax of, say, 40 per ton of CO2 implies an oil tax of just 12 per barrel. And, because oil prices have declined by more than triple the tax, consumers would continue to pay much less than they did just a few months ago.

Thanks to the shale energy revolution, American oil production has risen from five million barrels per day in 2008 to 9.3 million barrels in 2015, a supply boom that has so far persisted, despite the price collapse. Anticipation of post sanctions Iranian oil production has also affected markets.

The pipeline has a capacity of 10 million barrels.

Furthermore, the situation in the Gulf of Mexico is worsening. Oil is not leaking at the rate of 1,000 barrels per day, as BP originally estimated, nor up to 19,000 bpd, as calculated by the Flow Rate Technical Group. As a newly released BP internal document revealed, the actual flow is up to 100,000 bpd.

Get those barrels off the end of that ramp.

So here you are, that the cost of all this to the world is 89 million barrels of oil, give or take a few barrels, every day.

Corporal, bring some of those cans over here.

If you go forward the next 10 years and cap the price of oil at 100 dollars a barrel, you will pay 2.2 trillion.

IEA envisages the current peak in oil prices to be temporary, and prices over the planning period are assumed to return to 25 30 per barrel.

Without those drums, the boat must be lighter.

My conclusion is that a good indication of this moving equilibrium does exist the five year forward oil price, or the amount paid for guaranteed delivery of oil five years from now.

He's as slippery as a nail in a barrel full of oil.

Cocoa is the principal export commodity, netting over 2.3 billion in 2003. It is followed by petroleum, which is expected to reach 50,000 barrels per day with the start of production from the Baobab oilfield in 2005. Refined petroleum products of the State oil company Sociétè nationale d'opérations pétrolières de la Côte d'Ivoire (Petroci), are also important exports, as are timber and coffee.

Oil doesn't sink, it floats.

It was oil.

Turtles eat it. It gets in the gills of fish.