An Oil Fund for every country

Let's create an Oil Fund for every country.
If every country on the planet put aside $1 per each barrel of petroleum consumed on the earth every day, we will be able to create a fund similar to the Norwegian Fund for the Future Generations.
For example, the US consumes 6.97 billion barrels of petroleum per year (2015 data, https://www.eia.gov/tools/faqs/faq.cfm?id=33&t=6).
If that amount is invested and every year we keep adding to the fund  then we will be in much better situation when oil is gone.