Impressive numbers..

Since I am an engineer (by education) and I like dealing with precise numbers, here is the result of my calculations:

85,000,000 x 365 = 31,025,000,000 barrels / year in 2011

with a 7% STEADY yearly growth rate we have:

2011 <—> 31,025,000,000
2012 <—> 33,196,750,000
2013 <—> 35,520,522,500
2014 <—> 38,006,959,075
2015 <—> 40,667,446,210
2016 <—> 43,514,167,445
2017 <—> 46,560,159,166
2018 <—> 49,819,370,308
2019 <—> 53,306,726,229
2020 <—> 57,038,197,065  amost twice the value of 2011…

 

About Post-Oil Society

-- Italian Architect and Engineer, Masters in Economics & Management. Interested in Transition related topics, Renewable Energies, Electric Vehicles, and everything resulting in a world without oil. -- -- Architetto, Master in Economia e Management, interessato alla Transizione e alle tematiche del mondo post-petrolio. -- View all posts by Post-Oil Society

4 responses to “Impressive numbers..

  • Luke Martinson

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  • Henry

    An interesting discussion is worth comment. I think that you should write more on this topic, as generally people are not enough to speak on such topics. To the next. Cheers

  • J. Cortorn

    Excellent post. Some good points you mention in there.

  • Steven Palinsky

    This article was an incredible read through. It really helped me out. Thanks.

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