Oil - For Whom the Bell Tolls

We can see the United States is a large oil producer. But we can also see the US is also a gross over-consumer of oil. We use 2.5 times more oil than we produce. We almost use triple the amount of oil any other nation consumes.

At this time, there is little excess oil being produced globally. Any increase in usage or major cuts in production will lead to a shortage.

We, as a people and a country, must either produce more oil or become more efficient in our consumption of oil and oil-based products. Our failure to do either or both will result in our future generations' suffering.

Oil Supplies - The Final Link in the Chain

Once again, courtesy of the NY Times, here are the countries supplying oil to the United States on a daily basis:

United States - 8.3 million barrels
Canada - 2.4 million barrels
Mexico - 1.7 million barrels
Saudi Arabia - 1.5 million barrels
Venezuela - 1.4 million barrels
Nigeria - 1.1 million barrels
Algeria - 0.7 million barrels
Iraq - 0.6 million barrels
Angola - 0.5 million barrels
Russia - 0.4 million barrels

As you can see, we are, of course, our number one supplier. Canada and Mexico easily hold the second and third positions.

Tomorrow... what it all means.

Oil Consumption: A Continuing Analysis

Again, as extracted from the NY Times, here is a chart of the leading oil-consuming nations. Note that these are barrels USED EVERY DAY:

United States - 20.6 million barrels
China - 7.3 million barrels
Japan - 5.2 million barrels
Russia - 2.9 million barrels
Germany - 2.7 million barrels
India - 2.5 million barrels
Brazil - 2.3 million barrels
Canada - 2.2 million barrels
South Korea - 2.2 million barrels
Saudi Arabia - 2.1 million barrels

As you can clearly see, we are by far the number one consumer of oil in the world.

Tomorrow, we'll see who supplies all that oil to the United States...