World oil production by country
This report will represent World oil production by country. We’ll also go over some brief statistics on what we know exists in the World’s Reserves of Petroleum. We all know that as it stands today, when it comes to oil, once it’s gone, it’s gone, so knowing how much is currently needed to sustain our level of existence is pretty important, right?
The world is a vast place that is rich in all kinds of different minerals and ores that humanity has exploited during its time here to improve our quality of life and survival rate. It is only natural that we will eventually consume everything here on Earth and eventually push into space in search of more precious materials on other planets and the like. We’re not there yet though, so while we wait for those glory days to arrive, let’s take a look at what we are currently producing as a people when it comes to oil-based power generation!
World oil production by country
Breaking it down country by country would take too long due to the number of countries we have here on Earth, so for this report we will cover the top 5 countries in the world and the amount of oil they are producing. We will also briefly go into the World Oil Reserves and how much is estimated to be left!
Saudi Arabia #1
Number 1 on our list for world oil production by country and the top oil power generating nation is the country of Saudi Arabia. The people of Saudi Arabia produce an estimated 9.76 million barrels per day or about 3.5 trillion barrels of oil each year; that is, if they pumped 9.76 million barrels every day for a year; which currently do not. Compared to world oil reserves, Saudi Arabia’s total oil reserve is estimated to be approximately 259.9 billion barrels or 19.20%.
Canada #2
Number 2 on our list is Canada. Canada has recently discovered oil sands, but for this report we will limit ourselves to oil production and oil reserves. The Canadian people produce about 3.29 million barrels a day, or just over 1.2 trillion barrels a year, if they continued to pump at the same rate every day for a year. Canada has the second largest oil reserves in the world at 175.2 billion barrels or 12.94%. (Not including new discoveries)
Iran #3
Number 3 on our list of world oil production by country is Iran. Iran has an oil power generation rate of around 4.18 million barrels of oil per day; which works out to only about 1.5 trillion barrels each year if they pump 4.18 million barrels every day in a row. The Iranian people have a total of 137.6 billion barrels of oil on their soil or 10.16% of the world’s total reserves.
Iraq #4
Number 4 on our list is the country of Iraq. Iraq produces an estimated 2.4 million barrels of oil each day; which would work out to about 875 billion barrels each year if they pumped 2.5 million barrels each day. With approximately 8.5% of the world’s oil reserves, Iraqi oil reserves are estimated at 115 billion barrels of oil located under its soil.
Kuwait #5
The country of Kuwait ranks fifth on our list, with an oil power generation rate of almost 2.5 million barrels per day. If they were to continuously pump 2.5 million a day, every day for a year, that would be a little over 900 billion barrels a year. In Kuwait’s soil there are an estimated 101.5 billion barrels of oil or 7.5% of the world’s total reserves.
World oil production by country at the close
The World’s Oil Reserves have never been so large, and yet they have never been so scarce. As global oil production levels by country rise and more nations rely on Oil Power Generation to keep them comfortable, we are facing the greatest challenge facing humanity yet.
New and sustainable energy resources are being discovered, researched, tested and tested as I write this; however, everything points to a continued reliance on oil as our main source of power generation for some time.
Imagine a world where all the oil is gone, and then imagine a world that is no longer stable because that is what would happen if an alternative means of generating energy was not found before we ran out of this most precious natural resource. It’s scary to think about, but it’s realistic to prepare for it, right?