According to: Gulf Publishing Company,
World Oil, Vol. 228, No.9 (September 2007), the world supply of crude oil is 1.14 trillion barrels. If you followed estimates over the years that number has slowly eroded for the past two decades. However - one understands why middle east oil production countries (and Russia) want to drive up the price past 100 U.S. Dollars a barrel. At $25 bucks a barrel that's (only) 250 trillion bucks. At $100+ bucks a barrel - it's 100 trillion bucks!
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Now I know why GM electric cars beginning in 1997 were scraped through 2003. (Most board members have HUGE stakes in oil stocks and they don't call them Market Makers on the street for nothing.).
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For the record I have posted a thread on CR4.com asking for a calculus formula for the number of metric tons of carbon dioxide, sulfer dioxide, wellhead flared methane gas and mercury will be produced by a trillion tons of burnt crude oil in the form of other products that will be cracked and used directly or indirectly for energy if we attempt to dig this carbon energy up and use it as fuel. (The only current gross number known at this time is that America spews out 10 Billion Metric Tons of Carbon Dioxide Yearly.).
World Oil, Vol. 228, No.9 (September 2007), the world supply of crude oil is 1.14 trillion barrels. If you followed estimates over the years that number has slowly eroded for the past two decades. However - one understands why middle east oil production countries (and Russia) want to drive up the price past 100 U.S. Dollars a barrel. At $25 bucks a barrel that's (only) 250 trillion bucks. At $100+ bucks a barrel - it's 100 trillion bucks!
~
Now I know why GM electric cars beginning in 1997 were scraped through 2003. (Most board members have HUGE stakes in oil stocks and they don't call them Market Makers on the street for nothing.).
~
For the record I have posted a thread on CR4.com asking for a calculus formula for the number of metric tons of carbon dioxide, sulfer dioxide, wellhead flared methane gas and mercury will be produced by a trillion tons of burnt crude oil in the form of other products that will be cracked and used directly or indirectly for energy if we attempt to dig this carbon energy up and use it as fuel. (The only current gross number known at this time is that America spews out 10 Billion Metric Tons of Carbon Dioxide Yearly.).
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