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    Such volatility can be a disincentive to the large and longterm investments needed to find and produce oil from technically challenging and increasingly costly resources. 2007 world oil consumption was about 85 million barrels per day (31 billion barrels per year) U.S. oil consumption was about 20.7 million barrels per day (7.6 billion

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    * The average annual energy consumption in the U.S. is 300,000,000 Btu per person. To generate this amount of energy through physical human effort (like pedaling bicycles to drive generators) would require 202 people working nonstop for a year. which is equivalent to 115 to 274 years of U.S. crude oil consumption at the 2013 consumption

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  • U.S. Energy Information Administration (EIA)

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