A Few Facts About Oil

A few facts about oil:

1.The United States, in 2005, imported about 58% of the oil it consumed.
2. By the year 2025, the United States will have to import 68% of the oil it consumes just to meet current demand.
3. More than 60% of the worlds proven oil reserves are in the Middle-East.
4. Iraq's oil reserves are equal to those of China, Mexico, Russia, and the United States combined.
5. 2013 is the conservative estimate for the year that the world will have reached peak oil production. Some say peak production has already happened.
6. It is estimated that we have already used 45 to 70% of the Earth's initial amount of crude oil.
7. Oil is a non-renewable resource. Once it is gone it is gone forever.

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Peak Oil: Supply Depletion and Energy Crisis