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Usa will run out of oil in 7 years if they keep drilling and using at current pace. what kinda policy they got idk. after that there will either be no usa or no humans alive on earth.
search keyword "u.s. oil reserves today"
google: As of late 2022, the U.S. had 48.3 billion barrels of proved crude oil and lease condensate reserves.
thats 9.x years if they extract 13.5m barrels per day. and 7 years are left.
Cost vs. Market Price: If oil is selling for $70 a barrel, but extraction costs $90, it’s a loss. So companies wait until prices rise — or tech improves.
This is why technically recoverable resources (what we could get) can be 2–5x higher than proved reserves (what’s practical to get now). It’s like having a mountain of chocolate locked behind an expensive vault. You know it’s there, but it’s not worth the hassle—unless the vault gets cheaper or chocolate prices go wild.
Reserves can fluctuate by large amounts because of the definition of the term:
petroleum which is commercially recoverable from a given date forward from known reservoirs and under current economic conditions.
Crude oil prices go up, so do the reserves.
If a country was going to be more strategic about it, and fears "running low" domestically, at low prices they would import as much as possible from other nations, leaving their own reserves untouched. But most countries let the big oil companies suck as much oil as possible out of the ground.
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