Interesting Facts

The oil industry started in Canada in 1860. Prior to 1860, the primarily fuel source across the world was coal. 88,000,000 (88 million) barrels of oil are burned each and every day. In the 1950’s, Saudi Arabia provided a 1:100 ratio in terms of energy input to extract oil and therefore generate a profitable output. As of 2017, due to the fact that the world has used up more than half of all oil available, this input to output ratio is closer to 1:25. 3 new supplies as large as Saudi Arabia will ...


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