In the 2006 book A Thousand Barrels a Second - The Coming Oil Break Point and the Challenges Facing an Energy Dependent World, Peter Tertzakian, chief energy economist of ARC Financial Corp., writes that world oil consumption has now peaked at more than 86 million barrels per day. This translates to 1,000 barrels per second! A barrel of oil is 42 gallons. Envision more than 300 tanker trucks emptying each minute. Picture an Olympic-sized swimming pool full of oil; we would drain it in about 15 seconds. In one day, we empty close to 5,500 of these pools. In one year, that is 1.2 cubic miles of crude oil removed from the ground.
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