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The world has 1.3 trillion barrels of proven reserves, enough for 40 years at current rates of consumption.
With known reserves and current rates of consumption, the world has about 200 years' worth.
Globally, the average projection of the amount of recoverable gas represents about a century and a half's supply at current rates of consumption, the report noted.
It estimates, moreover, that the country has about a century's worth of technically recoverable natural gas resources at current rates of consumption.
According to Mr Hayley, total deposits of copper (inferred from geological evidence) would last 107 years and of iron ore 151 years at current rates of consumption.
This sounds like a lot, until you consider that oil is a globally traded commodity and that, at current rates of consumption, eighteen billion barrels would satisfy less than seven months of global demand.
Similar(45)
And the current rate of consumption, fuelled by housing wealth, leaves many indebted consumers at risk.
We currently have no known means of being able to feed 10 billion of us at our current rate of consumption and with our current agricultural system.
The organization says that our current rate of consumption would lead to an oil habit of 22 million barrels a day by 2035.
Measured against our current rate of consumption of roughly 18 million barrels a day, it would be gone in about a year if it had to meet our full demand.
In "One Well-Read Home Has Some New Pets: 1,082 Penguins" (Arts pages, Nov. 14), you calculate that it would take Kathryn Gursky six years to read all of her newly acquired Penguin Classics, provided she keeps up her current rate of consumption of about three per week.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com