21 years, and that’s about all

It’s scary. India’s oil reserves will last just 21 years. This alarm has been sounded by UK-based global oil major BP Plc’s ‘Statistical Review of World Energy 2006’.

For China it’s even worse with its crude reserves likely to last only 12 years. That being the fate of the world’s two fastest growing economies, take a look at Saudi Arabia, which accounts for more than one-fifth of the world’s total proven oil reserves of 1.29 trillion barrels: Saudi reserves will be enough for 66 more years.

On an average, if overall production continues at last year’s pace, it is estimated that the world’s proven oil reserves will last only 41 years.
Financial Express