As of 2026, the U.S. has about 46.4 billion barrels of proven crude oil reserves, with average 13.6 million barrels per day production. The Permian Basin accounts for 6.6 million barrels per day.
If you do the math, that's enough proven oil reserves at that output rate to last for 3,412 days. That's only 9.3 years (or until 2035) and then we're done.
If you assume that we can only extract up to 2/3rds of our proven oil reserves before hitting serious declines... we'll be there in 6-years, by 2032 at this rate.
I don't know what we're trying to prove by being the world's crude oil supplier. At our current extraction rate, the U.S. won't be able to supply our own oil in 10-years... unless the U.S. acquires part of Western Canada and Venezuela.
So I used used to subscribe to Peak Oil in my younger years and have a beautiful color map and chart that says we'd be in decline now. Not so. While I do not think oil is unlimited, it will outlast my lifetime and my kids in my estimation. Any assertion to the contrary is akin to the climate change bullshit.
As of 2026, the U.S. has about 46.4 billion barrels of proven crude oil reserves, with average 13.6 million barrels per day production. The Permian Basin accounts for 6.6 million barrels per day.
If you do the math, that's enough proven oil reserves at that output rate to last for 3,412 days. That's only 9.3 years (or until 2035) and then we're done.
If you assume that we can only extract up to 2/3rds of our proven oil reserves before hitting serious declines... we'll be there in 6-years, by 2032 at this rate.
I don't know what we're trying to prove by being the world's crude oil supplier. At our current extraction rate, the U.S. won't be able to supply our own oil in 10-years... unless the U.S. acquires part of Western Canada and Venezuela.
The world's top nations for oil reserves are;
Venezuela: 303.2 billion barrels
Saudi Arabia: 267.2 billion barrels
Iran: 208.6 billion barrels
Canada: 170 billion barrels
Iraq: 145 billion barrels
United Arab Emirates: 113 billion barrels
Kuwait: 101.5 billion barrels
Russia: 80 billion barrels
Libya: 48.4 billion barrels
United States: 46 billion barrels
So I used used to subscribe to Peak Oil in my younger years and have a beautiful color map and chart that says we'd be in decline now. Not so. While I do not think oil is unlimited, it will outlast my lifetime and my kids in my estimation. Any assertion to the contrary is akin to the climate change bullshit.