Tuesday, December 26, 2006

Oil Production, Consumption, Exports, and Imports

Off of InfoPlease I saw this interesting chart. The chart shows oil production, consumption, exports, and imports in millions of barrels per day in 2004.
Producers
Exporters
Consumers
Importers
1. Saudi Arabia10.37 1. Saudi Arabia8.73 1. United States20.5 1. United States11.8
2. Russia9.27 2. Russia6.67 2. China6.5 2. Japan5.3
3. United States8.69 3. Norway2.91 3. Japan5.4 3. China2.9
4. Iran4.09 4. Iran2.55 4. Germany2.6 4. Germany2.5
5. Mexico3.83 5. Venezuela2.36 5. Russia2.6 5. South Korea2.1
6. China3.62 6. United Arab Emirates2.33 6. India2.3 6. France2.0
7. Norway3.18 7. Kuwait2.20 7. Canada2.3 7. Italy1.7
8. Canada3.14 8. Nigeria2.19 8. Brazil2.2 8. Spain1.6
9. Venezuela2.86 9. Mexico1.80 9. South Korea2.1 9. India1.5
10. United Arab Emirates2.7610. Algeria1.6810. France2.010. Taiwan1.0
11. Kuwait2.5111. Iraq1.4811. Mexico2.0
12. Nigeria2.5112. Libya1.34
13. United Kingdom2.0813. Kazakhstan1.06
14. Iraq2.0314. Qatar1.02
OPEC members in italics

A few fascinating facts:
  • While the United States is the third largest producer of oil it imports about 58% of the oil it consumes. 42% of all oil is domestic yet look how much we are impacted by foreign events.
  • Russia, the world's second largest producer and once a super-power, consumes the same amount of oil as Germany. Germany has a little more than half of Russia's population yet 360% higher GDP and 273% higher GDP per capita.
  • The United Kingdom and Norway are leading producers because of the North Sea. Yet taxes keep gas sky high.

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