Facts on Oil

As everyone knows that oil is now the new buzz word in office, on the street, and in politics.  With gas prices racing towards $5 a gal and debate heating up if the U.S. if domestic drilling should once again be on the table (which I agree we should).  I thought it would be interesting to pass along a few intriguing facts about oil, courtesy of USA Today.

 

Countries that Dominate Production

  1. OPEC countries 37.1 million barrels a day (43%)
  2. North America   15.3 million barrels a day (18%)
    1. Canada    3.4 million barrels a day
    2. Mexico    3.2 million barrels a day
    3. USA         8.7 million barrels a day
  3. Former Soviet Republics 12.5 million barrels a day (14%)
    1. Russia      9.9 million barrels a day
    2. Kazakhstan 1.5 million barrels a day
  4. South & Central America 4.8 million barrels a day
    1. Brazil       2.5 million barrels a day
  5. North Sea             4.2 million barrels a day
    1. Norway    2.4 million barrels a day
    2. United Kingdom 1.4 million barrels a day
  6. Other Non-OPEC  12.6 million barrels a day

   World Total 86.5 million barrels a day

Where does the U.S. get their oil from?

  • 1. Domestic production 5.1 million barrels a day (25%)
  • 2. Canada 1.9 million barrels a day (9%)
  • 3. Saudi Arabia 1.5 million barrels a day (8%)
  • 4. Nigeria 1.3 million barrels a day (6%)
  • 5. Mexico 1.2 million barrels a day (6%)
  • 6. Venezuela 1.0 million barrels a day (5%)
  • 7. Other countries 8.4 million barrels a day (41%)

Top Oil Producers

  1. Saudi Arabia
  2. Russia
  3. USA
  4. Iran
  5. China
  6. Mexico
  7. Canada
  8. United Arab Emirates
  9. Venezuela
  10. Norway

Top Oil Consumers

  1. USA
  2. China
  3. Japan
  4. Russia
  5. Germany
  6. India
  7. Canada
  8. Brazil
  9. South Korea
  10. Saudi Arabia
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