According to David O’Reilly the CEO of CHEVRON, the world currently consumes oil at a rate of about 40,000 US gallons per second. He says, “the scale of the energy system is enormous.” So, I did some math. 1 barrel of oil = 42 US gallons 1 cubic meter = 264.17 US gallons According to the 2008 World Fact-book, the world currently consumes about 85,270,000 barrels of oil per day. 85,270,000 barrels per day x 42 US gallons per barrel = 3,581,340,00 … Read More
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