The United States may be totally independent of Arab oil by the year 2015.
Unfortunately, so will everyone else because statistically that will be the year the last barrel of oil is pumped from the last well on earth.
Of course, there will be no “last barrel” as such in 2015 because the world’s oil fields cannot continue to produce at current levels much longer.
The 1975 International Petroleum Encyclopedia, updated and published annually by the Petroleum Publishing Co., sets proven world reserves — the oil known for a fact to be present and recoverable by current technology — at about 103 billion metric tons. The current world annual consumption rate is approximately 2.8 billion.
Frack, Baby, Frack.
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