Report: BP Says The World Has 53.3 Years Of Oil Left, Or Does It?

Oil giant BP has painted a grim picture for the future, claiming we have 53.3 years until the world runs dry of the precious liquid.

According to USA Today, BP’s yearly review of energy statistics estimates 1.69 trillion barrels of oil remain to be extracted from the earth, and we’ll barely break the half-century based on current production rates.

Despite the grim timeline, this estimate is actually 1.1 percent higher than the same annual report from 2013, and outside factors indicate BP’s future predictions may be highly inaccurate.