Oil Consumption - News, Trends, Oil Consumption Links
Fossil fuel consumption data
World consumes abt 1000 billion gal of transport fuel PY. Sale price of US$ 3 per gal, this $3 tr! Global elec consumption about 15,400 TWh PY in 2006 (BP, IEA). (US:3600 TWh/y ? 2005). $0.1 per kWh, total elec revenues is abt $1.5 tr. Natural gas global demand is abt 3 tcm in 2008 (2.8 tcm in 2005, est. 3.2 tcn in 2010 ? IEA). Natural gas prices are about 400 per 1000 cm, mkt sales of $1.28 tr. World coal production about 5000 million T per year.A price of US$ 100 per T, US$ 500 billion.
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Topics : Oil Natural Gas Oil and Gas
estimates of proven oil reserves
Estimates of proven oil reserves and NGLs is about 1.2-1.3 trillion barrels (2007). At the current consumption rates, this should last for the next 40 years. IEA, 2007 data
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Topics : Oil Oil and Gas
World demand for oil
..is 85 mill bbl per day - 2007; will be about 106 mill bbl per day by 2030 (IEA)
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Topics : Oil and Gas Oil
China, India oil usage
China uses only 1/15th the amount of oil per head as the US, and India uses only half that of China per head - 2006 data
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Topics : Oil Oil and Gas
China, India oil usage
China uses only 1/15th the amount of oil per head as the US, and India uses only half that of China per head - 2006 data
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Topics : Oil Oil and Gas
Oil production outpacing supplies in Dec 2008
Oil production is easily outpacing consumption as evidenced by the growing fleet of supertankers being used for floating storage. One industry source estimated there are roughly 21 such tankers carrying about 40 million barrels of crude steaming the world's seas today as opposed to just four or five at the end of October.
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Topics : Oil and Gas Oil
Oil Demand will Actually Shrink 0.2%
The International Energy Agency, energy adviser to rich countries, finally determined that global oil demand will shrink 0.2% this year, marking the first contraction in a quarter-century...can u believe THAT! Thought I wouldn't see this in my lifetime... - Read More
Tags : oil oil prices
Topics : Oil and Gas Oil
Oil consumption per capita
Saudi per capita oil consumption is now the highest (32.88 bbl in 2006), followed by US (25.64); and India at #20 (0.87.) - Read More
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Topics : Oil and Gas Oil