More Domestic Drilling Just Won't Cut It

By Ben Jervey

Representative Ed Markey's staff made a chart based on the "burn rate" metric, which looks at the percent of a nation's proven reserves being produced annually. In other words, it's the annual rate of oil production compared to the total amount of oil we have in all known reserves.

As you can see in the graph, the United States has far and away the highest burn rate in the world, a rather disconcerting 15-plus percent, or a full 50 percent higher than Norway and Mexico, the second and third nations, respectively.

Sponsored Links
Related Articles
October 16, 2013
Booming Oil Towns Prepare for Inevitable Bust - Pat Sullivan
Ben Jervey
Author Archive