The earth may have sufficient oil to supply our needs for centuries to come.
At current rates of global consumption, there are sufficient oil and gas supplies to last well into the next century.
In 15 years we will go from 80% self-sufficient in oil and gas to 80% imported.
Once self-sufficient in oil, it has been a net importer since 1993 and today faces a widening oil deficit as demand outstrips supply.
Moreover, Brazil is one of the few countries in the world that is self-sufficient in oil and has the largest farmable area in the world.
But this was Bissell's vision of the "new new thing"--get sufficient volumes of rock oil by drilling for it refine it into a high quality illuminating oil, and then take market share away from existing illuminants and, at the same time, build wholly new markets.
High energy costs are simply taxes collected by the owners of energy who are mostly foreign (although some feel that we can soon be fairly self-sufficient, producing most of the oil and gas we need domestically).
There currently appears to be sufficient supply of non-Iranian oil to permit foreign countries to significantly reduce their import of Iranian oil, taking into account current estimates of demand, increased production by countries other than Iran, inventories of crude oil and petroleum products, and available strategic petroleum reserves.
The Oil Spill Liability Trust Fund ensures that there are sufficient resources available to pay for clean-up and damages associated with an oil spill.
But a culture in which oil companies were able to get what they wanted without sufficient oversight and regulation -- that was a real problem.
WHITEHOUSE: Deepwater BP Oil Spill: Presidential Press Conference
Basically, in the past, Saudi Arabia maintained a sufficient cushion of spare capacity to put an effective cap on the price of oil.
That would be sufficient, in optimum circumstances, to recover more than 1, 000 tonnes of oil.
Sufficient refinery capacity has as much influence on gasoline prices as fluctuations in the price of oil so if Americans want stable gasoline prices and almost no dependence on oil from outside North America, we need more refineries.
His reasoning: New supply, coming online from all corners of the world, is more than ample to satisfy growth in demand and sufficient even to withstand an embargo against Iran, which produces 3.75 million barrels of oil a day.
In some locations, sedimentation created sufficient pressure to convert -- to cook -- the unoxidized carbon in the organic material into oil, some of which was trapped in reservoirs.
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