Here are just some of the facts surrounding the issue of the world's dependence on oil.
Every day the world currently burns more than 80m barrels of oil. By 2016 it is estimated that will rise to around 100m barrels per day.
All the world's biggest known oil reserves are in the Middle East: Saudi Arabia, Iraq, the United Arab Emirates, Kuwait and Iran.
Each American burns 25 barrels of oil a year, each Briton burns 11, each Chinese burns 2.
Fewer and fewer major new oil fields are discovered each year:
16 in 2000
9 in 2001
1 in 2005
If the price of oil continued to rise, the prices of natural gas and electricity would also go up. The rise in energy costs would cause business to slow down, possibly triggering a recession.
The price of petrol in the UK has more than doubled in the past 20 years.
In the UK, we now pay around 98p for a litre of petrol. Of this:
30p reflects the crude oil and refining costs
61p goes in tax
3p goes to the petrol station
4p is the oil company's profit.
Uses of oil include: DVDs, perfume, food preservatives, detergents, plastics, deodorants, medicines, explosives, carpets, contact lenses, paint, washing-up liquid.
These facts are sourced from interviews with experts across the oil exploration and petro-chemical industries.
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