Today oil supplies about 40% of the world’s energy and 96% of its transportation energy.

Since the shift to oil, the world has consumed over 875 billion barrels.

Another trillion barrels of proved and probable reserves remain to be recovered.

At current pace from now to 2020, world oil consumption will rise by about 60%.

Global consumption of gasoline is projected to double.

The two countries with the highest rate consumption of oil are the United States and China

The two nations that are growing the fastest in terms of oil use are China and India.

In the next two decades, China's oil consumption is expected to grow at a rate of 7.5% per year and India’s 5.5%.

It will be imperative for these countries to secure their access to oil.

http://www.eia.gov/countries/index.cfm?view=consumption#cabs

Today, 47.9% of global oil reserves are in the hands of Middle Eastern regimes: 16% decline in share since 1993 (BP Stats)

Saudi Arabia (16%) Iran Iraq Kuwait UAE Libya In the post 9/11 world we are looking to offset the growing

influence of Middle East producers by increasing the production in non-OPEC countries

http://www.eia.gov/countries/index.cfm?view=reserves http://www.bp.com/content/dam/bp/pdf/Energy-economics/statis

tical-review-2014/BP-statistical-review-of-world-energy-2014-full-report.pdf

Organization of Petroleum Exporting Countries OPEC's objective is to co-ordinate and unify petroleum policies in

order to secure fair and stable prices for petroleum producers and an efficient, economic and regular supply of petroleum to consuming nations

Angola Ecuador Algeria Iran Iraq Kuwait Libya Nigeria Qatar Saudi Arabia United Arab Emirates Venezuela

#2: Venezuela #3 Canada #8 Russia #10 Nigeria #12 United States #14 China #15 Brazil

Saudi Arabia: 76% of exports are crude petroleum

Iran: 72% of exports are crude petroleum Iraq: 99% of exports are petroleum http://atlas.media.mit.edu/country/irq/

1- Saudi Arabia 2. US 3. Russia 4. China 5. Brazil 6. Iran http://www.eia.gov/countries/index.cfm?

view=reserves

(Reserves based on Billions of barrels) Saudi Arabia produces 11.72 and

consumes 2.9 and has 267 in proven reserves.

United States produces 11.12 and consumes 18.5 and has 26.5 in proven reserves.

In 2013, US oil production had the largest increase in the country’s history. The US produced 84% of its domestic energy demand, up from the all-time low of 69% in 2005

Many have even suggested that Russia could take on OPEC and help shift global oil supply away from the Middle East.

http://www.eia.gov/countries/index.cfm?topL=exp Russia’s is the second largest exporter behind

Saudi Arabia. It will be impossible to sustain it because Russia

ranks eight in proven oil reserves, holding only 5%.

Its reserves have been steadily declining since 1999. That means that at current production rates, Russia may be running out of substantial reserves by 2020

Our search for reliable oil suppliers outside the Middle East has brought about an oil boom in many African countries

Angola, Nigeria, Angola, and Libya are the largest. Africa’s total reserves amount to 7% and its largest producer, Nigeria, will peak by the end of the decade. Africa could be running out of substantial reserves by 2025.

How long proven reserves would last at current production rates is debatable

Some estimate 15 years for non-Middle East

40-80 years for Middle East producers If production continues at today's rates

Russia, Mexico, U.S. China and Brazil could cease to be relevant players in the oil market in less than two decades.

At that point, the Middle East will be the only major reservoir of abundant crude oil giving them abundant power.

A handful of Middle East suppliers will be able to dictate the terms on world oil markets and manipulate oil prices and world politics.

Middle Eastern producers will use their oil revenues to increase their military expenditures

Corrupt, oppressive regimes will continue to use oil revenues as a means to maintain their power.

Wealth generated by oil rich Middle Eastern countries will continue to flow into terrorist organizations.

The U.S. will need to keep increasing American military presence in the region to ensure our access to the remaining oil.

Tension between the U.S. and China due to growing Chinese intervention in the Middle East to ensure its own access to oil.

When consumption begins to exceed production the price of oil could soar above $100 a barrel. A global recession would follow.

http://www.usatoday.com/story/money/business/2014/06/28/the-world-was-533-years-of-oil-left/11528999/

http://www.wsj.com/articles/why-peak-oil-predictions-haven-t-come-true-1411937788

http://www.forbes.com/sites/lorenthompson/2012/12/03/what-

happens-when-america-no-longer-needs-middle-east-oil/ http://www.aljazeera.com/indepth/opinion/

2013/01/2013116152324850803.html

http://www.youtube.com/watch?v=rSQ0KtnaMVc (Fiction)