The document summarizes the current state of global oil consumption and reserves. It notes that world oil consumption is currently 87,915 kBbl/day, total proven reserves are 1,478,974 million barrels, and daily production is 83,241 kBbl/day. However, consumption has increased 25% in the last 5 years while only 30% of reserves are recoverable with current methods. This raises questions about how long oil can remain the primary energy source.

1. PROBLEMATIC
The current world oil consumption is 87,915 kBbl/day. The world total proven oil reserves is
1,478,974 million barrels.
The current daily production rate is 83,241 kBbl/day (That means we consume more than
we produce oops!).
For the last 5 years (2005 to 2010), the world consumption has increased by 25%.
Someone will ask me what about the reserves? of course, the past 5 years, the reserves
have increased by 29% but only 30% is recoverable by current methods and 55% by heavy
high tech engineering methods.
When is the end of oil as the primary source of energy
By Eric ADANGBA, Hult Energy Club

2. INTRODUCTION
Energy and persistence conquer all things.
Benjamin Franklin
(January 17, 1706 [O.S. January 6, 1705[1]] – April 17, 1790) was one
of the Founding Fathers of the United States.
By Eric ADANGBA, Hult Energy Club

3. OPERATION OVERVIEW
By Eric ADANGBA, Hult Energy Club

4. OPERATION OVERVIEW TODAY
By Eric ADANGBA, Hult Energy Club

5. TOP 10 PRODUCER IN THE WORLD
(KBbl/Day)
• Russia 10450
• Saudi Arabia 9761
• USA 7805
• Iran 4259
• China 4103
• Canada 3367
• Mexico 2953
• United 2848
• Venezuela 2438
• Nigeria 2436 2010
By Eric ADANGBA, Hult Energy Club

6. WORLD’S PRODUCTION
World's Production of Oil 2010 =82000 K Barrel/Day
90000
80000
70000
60000
Thousand of barril/Day
50000
40000
30000
20000
10000
0
1995 2000 2005 2008 2009 2010
Year
By Eric ADANGBA, Hult Energy Club

7. TOP 10 RESERVE IN THE WORLD
(Mbl) Top 10 Producer (Kbl/Day)
• Saudi 262602 • Russia 10450
• Venezuela 211170 • Saudi Arabia 9761
• Canada 175214 • USA 7805
• Iran 137010 • Iran 4259
• Iraq 115000 • China 4103
• Kuwait 104000 • Canada 3367
• USA 97800 • Mexico 2953
• Russia 60000 • United 2848
• Libya 46420 • Venezuela 2438
• Nigeria 37200 • Nigeria 2436
WATCH WHAT HAPPENNING TO THE OUTSIDERS
By Eric ADANGBA, Hult Energy Club

8. WORLD’S RESERVE
World's Oil Reserve 2011
16%
Top 10
Rest of the World
84%
By Eric ADANGBA, Hult Energy Club

9. TOP 10 OIL CONSUMPTION
• United 19 528 World's Oil Consumption 2010
• China 9 377
• Japan 4 422
• India 3 338 41%
Top 10
• Russia 3 041 59%
Rest of the World
• Brazil 2 724
• Saudi Arabia 2 664
• Germany 2 483
• South Korea 2 249
• Canada 2 234
WATCH THEIR FUTURE ACTION (BRIC)
By Eric ADANGBA, Hult Energy Club

10. LEVEL OF DEPENDANCE
Top 10 Producer Top 10 Reserve Top 10 Consumer
• Russia • Saudi • United
• Saudi Arabia • Venezuela • China
• USA • Canada • Japan
• Iran • Iran • India
• China • Iraq • Russia
• Canada • Kuwait • Brazil
• Mexico • USA • Saudi Arabia
• UAE • Russia • Germany
• Venezuela • Libya • South Korea
• Nigeria • Nigeria • Canada
IN TROUBLE: CHINA, JAPAN, INDIA, BRAZIL, SOUTH KOREA, GERMANY
By Eric ADANGBA, Hult Energy Club

11. HOW LONG CAN WE SURVIVE?
Dependence from OIL&GAS Years to survive
• USA 62% 10
• CHINA 22% 14
• JAPAN 63% 7
• INDIA 31% 18
• BRAZIL 58% 16
• GERMANY 56% 9
• SOUTH KOREA59% NA
• WORLD 45
By Eric ADANGBA, Hult Energy Club

12. OIL FUTURE
We produce only 2.2% of the Daily Reserve and consume 100% of our production
Future World's Oil
1995 2000 2005 2008 2009 2010 2011 Year
150000 50
100000
46
45 45 45
50000 44 44
43
0
40
-50000
barril/Day
-100000 35
-150000
Production 30
-200000
New Discovery
-250000
Years to survive 25
-300000
OIL FUTURE IS UNCERTAIN, NOT PREDICTABLE
-350000 20
The Discovery Rate is about 5% increase average YoY.
By Eric ADANGBA, Hult Energy Club

13. WHEN OIL ENERGY WILL DIE?
Oi l fi e l d s Esti m a te d Pro d u cti o n C o sts ($ 2 0 0 8 )
Mideast/N.Africa oilfields 6 28 Arctic oilfields 32 100
Other conventional oilfields 6 39 Heavy oil/bitumen 32 68
CO2 enhanced oil recovery 30 80 Oil shales 52 113
Deep/ultra-deep-water oilfields 32 65 Gas to liquids 38 113
Enhanced oil recovery 32 82 Coal to liquids 60 113
COST OF DOING OIL BUSINESS IS LESS THAN THE OIL PRICE
By Eric ADANGBA, Hult Energy Club

14. COMPARISION WITH SUBSTITUTES
By Eric ADANGBA, Hult Energy Club

15. WHAT IS THE NEXT SOURCE OF ENERGY
• HYDRO
• NUCLEAR
• COAL
• WIND
• GAS
• SOLAR
Need HULT MBA to crack it!
By Eric ADANGBA, Hult Energy Club