🛢️ Oil: Global Reserves and How Long Will They Last?

According to the most current estimates, the world's proven oil reserves today are sufficient for approximately 40-50 years at current production and consumption levels. This figure is calculated by dividing the total reserves by the amount of oil humanity consumes per year.

📌 Why exactly this amount?

✔️ Only what has already been proven and is economically viable to extract is taken into account.
✔️ New fields are being discovered, but at the same time, we are consuming more.
✔️ If demand grows, oil will run out sooner, but if it declines (for example, due to the transition to renewable energy), it will take longer.

📌 Important: this doesn't mean that oil will simply disappear abruptly in 2050 - rather, production will become increasingly difficult and expensive, and prices will rise.

🔥 Natural Gas: Decades to Come

Natural gas reserves are also finite, but they are slightly larger than oil reserves. Various estimates indicate that gas could last for approximately 50 - 60 years at current consumption levels.

As with oil, this is a very rough estimate - in fact, everything depends on production technologies, the discovery of new fields, and how we use energy in the future.

🇷🇺 Separately about Russia

For example: Russia is one of the countries with the largest hydrocarbon fuel reserves. 📍 At current production levels, Russia could have enough gas for about 100 years, and oil for 60-65 years, according to official geologists' estimates.

However, other experts believe that if only accessible and economically extractable resources are considered, the oil supply could be 20-30 years shorter.

🧠 Why the figures vary

It's important to understand: all such estimates are only guidelines. They depend on:

🔹 What is considered "proven reserves"
🔹 How much we produce and consume
🔹 Oil and gas production technologies
🔹 Economic and environmental circumstances

For example, new production and processing technologies could increase recoverable reserves, while a rapid transition to renewable energy could reduce demand.

📉 What does this mean for humanity

🔋 Simply put, the world cannot rely on oil and gas forever. This stimulates the development of alternative energy (solar, wind, hydrogen) and increased energy efficiency.

Even if reserves "will last half a century," this does not mean that Ukraine, Europe, or the rest of the world will have sufficient energy in the required quantities or at affordable prices.

🏁 Conclusion

📍 The world's oil reserves could last approximately 40-50 years,
📍 gas reserves - approximately 50-60 years,

if production and consumption continue as usual.

This is not a precise timeframe, but a benchmark that shows that humanity must seek new ways to generate energy and become less dependent on fossil fuels.