Where did you hear that ???????
Summary of Reserve Data as of 2008 Country Reserves [17] Production [18] Reserve life 1
109 bbl 109 m3 106 bbl/d 103 m3/d years
Saudi Arabia 267 42.4 10.2 1,620 72
Canada 179 28.5 3.3 520 149
Iran 138 21.9 4.0 640 95
Iraq 115 18.3 2.1 330 150
Kuwait 104 16.5 2.6 410 110
United Arab Emirates 98 15.6 2.9 460 93
Venezuela 87 13.8 2.7 430 88
Russia 60 9.5 9.9 1,570 17
Libya 41 6.5 1.7 270 66
Nigeria 36 5.7 2.4 380 41
Kazakhstan 30 4.8 1.4 220 59
United States 21 3.3 7.5 1,190 8
China 16 2.5 3.9 620 11
Qatar 15 2.4 0.9 140 46
Algeria 12 1.9 2.2 350 15
Brazil 12 1.9 2.3 370 14
Mexico 12 1.9 3.5 560 9
Total of top seventeen reserves 1,243 197.6 63.5 10,100 54
Notes:
1 Reserve to Production ratio (in years), calculated as reserves / annual production. (from above)
The figure you see on the end is the years left so Saudi Arabia has 72 years and so on. So the USA has 8, Iraq has 150 .all of the above are reserves which doesn't include whats already out and barreled