 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
The United States' big crude habit
New York (AFP) June 19, 2008 Here is a snapshot of the US oil market, according to data from the Department of Energy: -- The United States is the world's top oil consumer. Consumption of petroleum products hit 20.7 million barrels a day (bpd) in 2007. -- That is up from 16.7 million bpd two decades ago, in 1987. The 20 million bpd-mark was broken for the first time in 2003. -- All of Europe consumed 16.4 million bpd in 2007, and China 7.2 million in 2006, up from 2.1 million 20 years earlier. Worldwide consumption was estimated by the DoE at 82.6 million bpd in 2006. -- The United States produced 5.1 million bpd of crude oil in 2007. -- US production has been decreasing since the 1970s: after a high in 1970 of 9.6 million bpd, it dropped off to 8.6 million in 1980, 7.3 million in 1990 and 5.8 million in 2000. -- The International Energy Agency estimates current global output at 87 million bpd. -- Countries' crude oil reserves also have slid, from 39 billion barrels in 1970 to 20.9 billion in 2006. -- Refining capacity, at 1.23 million bpd in 2007, has been stagnant since the 1980s. -- Production of bioethanol has surged from 6.2 billion liters in 2000 to 24.6 billion in 2007 according to the Renewable Fuels Association. The government has set a production target of 136 billion liters for 2022. Community Email This Article Comment On This Article Share This Article With Planet Earth
Related Links Powering The World in the 21st Century at Energy-Daily.com
Analysis: Future of Kirkuk field unknown
Baghdad (UPI) Jun 17, 2008 The Kirkuk oil field in northern Iraq could be producing 70,000 barrels more per day, but a dispute between Iraq's central and Kurdish regional governments has kept the needed equipment gathering dust. |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook