The world is growing up and becoming modern. Many people suggest that progress and development in the world would be good for everyone. If all countries were as developed as America, there would be peace and democracy everywhere. I want to challenge this…
I ran some numbers to see how much oil the world would consume if all countries were developed to the level of the United States. I realize that there are new technologies and renewable sources that are being promoted. But, I think it is difficult to ignore that much of the economic power of the United States has been built on the availability of petroleum over the last 100 years.
Here is what I found:
If every person in the world used oil at the same average rate that Americans use oil it would be a total world daily consumption of: 462 million barrels of oil every day.
Therefore, a “fully developed” world would use every drop of estimated oil reserves in less than 8 years!
R/(A1/A*W)=2,796 days=7.66 years
Current levels give us about 41 years before the oil runs dry.
So now we have to ask ourselves…
Can the developed countries in the world really support the modernization of the Third World?