What country is #1 in oil consumption?
United States
Oil Consumption by Country
| # | Country | World Share |
|---|---|---|
| 1 | United States | 20.3 % |
| 2 | China | 13.2 % |
| 3 | India | 4.6 % |
| 4 | Japan | 4.1 % |
How much oil did the US consume in 2011?
18.9 million barrels a day
Domestic petroleum consumption fell from 18.9 million barrels a day in 2011 to 18.6 million barrels per day in 2012, a decrease of 1.6 percent….Chart 1.
| Year | Thousands of barrels | |
|---|---|---|
| U.S. domestic production | U.S. imports | |
| 2009 | 1,953,800 | 4,267,110 |
| 2010 | 1,999,731 | 4,304,533 |
| 2011 | 2,062,935 | 4,198,806 |
What are the top 5 oil consuming countries in the world?
Here are the 10 countries with the highest oil consumption:
- United States (19,690,000)
- China (11,750,000)
- India (4,489,000)
- Japan (4,026,000)
- Russia (3,594,000)
- Saudi Arabia (3,237,000)
- Brazil (3,018,000)
- South Korea (2,630,000)
What year did US oil production peak?
National Security Implications. Had it been accurate, the peak oil theory would have implied that the United States would become increasingly dependent on other producers – some of which could be hostile to the United States – after reaching its “peak” in 1970.
Why did Fuel prices go up in 2011?
On March 7, 2011, the average price of gas having reached $3.57, individuals were making changes in their driving. The weakened U.S. Dollar resulted in a spike to $112/barrel with the national average of $3.74/gallon – with expectations of damaging the U.S. economy suggestive of a long-term recession.
Why was gas expensive in 2011?
Higher gasoline and diesel prices mostly reflected higher crude oil prices, which rose in 2011 in response to the disruption in Libya’s oil production and expected stronger oil demand as the global economy improved.
Which countries consume the most oil per day?
The United States and China are the top largest consumers of oil in the world, totaling 17.2 million and 14.2 million barrels per day, respectively. In the last decade, the share of global oil consumption from Europe and North America have begun to decline, whereas consumption levels from Asia Pacific and other regions have risen.
How much oil does the average person consume per day?
A map of world oil consumption in barrels a day per capita, 2007. Daily oil consumption by region from 1980 to 2006. This is a list of countries by oil consumption. The total worldwide oil consumption was 93 million barrels per day (bbl/day) on average in 2015 according to the International Energy Agency (IEA). 2016 est.
How much oil is left in the world?
There are 1.65 trillion barrels of proven oil reserves in the world as of 2016. The world has proven reserves equivalent to 46.6 times its annual consumption levels. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves).
What are the latest trends in oil consumption?
Trends. In CIS, consumption grew by 7.3% (8.9% in Russia), while rising 4.2% in the Middle East (driven by Saudi Arabia and Kuwait). Each region contributed 8% to the overall increase. Despite this growth, the US remains by far the largest user of oil, consuming more than China in 2010. China may overtake the US around 2030.