Study Finds US Oil Consumption Twice Other Countries, Imports Almost Double Production Totals

Share Article

New online content provider HeatingOilShopper.com has released a study outlining alarming trends in US oil consumption and production.

Content provider Heating Oil Shopper (http://www.heatingoilshopper.com) launched a collection of heating oil and energy related resources today including this graphic and accompanying guide, which revealed that while the US consumes over twice the oil of the next biggest consuming country, they create nearly half as much crude oil as they consume.

The basic findings of the report covered a number of different topics including which countries had the largest percentage of world oil reserves, the growth of world oil exports, the factors most likely to affect oil prices, the growth in global demand in oil prices, and data about the consumption and production habits of the US.

Specific data points exposed in the study mentioned above include:

  •     World oil exports grew from 31 million barrels/day in 1980 to 44 million in 2009
  •     The US consumes 18.7 million barrels/day, more than double the next highest consuming country, China
  •     The US produces just over 5.5 miilion barrels of crude oil per day, but imports over 9.16 million barrels/day

You can view the full visualization of the data and accompanying report at http://heatingoilshopper.com/resources/fuel-prices. Heating Oil Shopper launched their site today and aims to produce a series of similar resources aimed at helping consumers get more information about oil production, consumption, and about heating oil prices. The site also aims to help consumers find affordable home heating oil solutions from providers in their area.

About Heating Oil Shopper

Heating Oil Shopper (http://www.heatingoilshopper.com) is a premium Web publisher specializing in heating oil news and information. The site employs a team of experts in the heating oil vertical and produces helpful information about issues surrounding heating oil consumption, production, and purchasing. Heating Oil Shopper is also committed to helping connect those looking for affordable pricing on home heating oil with affordable providers near them. The site offers heating oil information for all fifty states, with a particular focus around heating oil prices in Pennsylvania, New Hampshire, Maine, Virginia, Rhode Island, New York, New Jersey, Massachusetts, and Connecticut.

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Tom Demers
Visit website