At what level of consumption is oil use sustainable?
Let's use the high-end estimate of world total OOIP (I can't remember where I saw it, but I think I saw 2400 billion was the most pollyanna fantasy land figure out there)
If we start counting from the Cretaceous-Tertiary extinction event 65 million years ago and counting up until the present (pretend 100% extraction is possible, oil genesis is linear and there are no other variables), then the most optimistic figure would appear to be:
2,400,000,000,000 / 65,000,000 = 36,923 bbl/yr or 101 bbl/day WORLDWIDE.
However, if we start counting from the beginning of the Triassic period (230 million years ago):
2,400,000,000,000 / 230,000,000 = 10,435 bbl/yr (rounded up for even more optimism) or 28.6 bbl/day WORLDWIDE.
If we begin counting from what is believed to be the beginning of life on this planet roughly 4 billion years ago:
2,400,000,000,000 / 4,000,000,000 = 600 bbl/yr or 1.64 bbl/day WORLDWIDE.
Anything exceeding the figures above would cause depletion, because consumption would be higher than genesis (I'm hesitant to call it "production").
Of course, this is all very simplistic. I think we can all agree that 100% extraction will never happen, oil genesis is not linear, and there are certainly other variables. I think the OOIP of 2400 billion bbl is also likely to be highly optimistic.
Any thoughts?




