- On a daily basis, roughly 85 million barrels of oil are consumed across the world, almost exactly matching the amount produced each day.
Cambridge Energy Research Associates (CERA) argues that the remaining global oil resource base is 3.74 trillion barrels; that's more than triple the peak oil estimate of 1.2 trillion barrels.
That includes the hard to get to reserves that are under the sea and in the tar sands that the technology to extract either doesn't currently exist or is very money and energy intensive.
But go buy another SUV. Everything's fine.