At Current Rates of Consumption the U.S. Has at Least Two Centuries of Oil
Predictions that the U.S. and the world would run out of fossil fuels go back decades, and these predictions have so far turned out to be wrong. A new report shows the U.S. has 227 of oil, 130 years of gas, and 485 years of coal.
or years, activists argued for an energy transition away from fossil fuels because, they said, we were hitting “peak oil,” the point at which we can no longer produce oil because there’s little left in the ground or it’s too expensive to recover.
In 2023, the U.S. produced nearly 13 million barrels per day, more than any other nation in history. Predictions that the U.S. and the world would run out of oil go back decades, and these predictions have so far turned out to be wrong.