How Much Oil Do We Use ?
Posted by Max Dunn Sat, 12 Mar 2011 18:13:00 GMT
How much oil do we use in the United States and where does it come from? This is a question that hasn’t been exactly clear for me until I read this article on the Energy Information Administration (EIA) website. Here is the quick answer.
The US is the largest oil consumer using 19.1 million barrels per day (mbpd). We are the the third largest crude oil producer at 5.5 mbpd. In addition, we produce 3.9 mbpd of biofuels, natural gas liquids and processing expansion. This means we need to import about half our oil, or 9.3 mbpd.
Contrary to popular belief, two of our largest oil suppliers are Canada and Mexico. Overall, Western Hemisphere nations provide about half of our imported petroleum.
Now you have it. While the US uses about 19 mbpd, we produce 5.5 mbpd of crude oil and create another 4 mbpd of fuel products so the 9 mbpd we import is about half our usage.
References:
EIA. (November 29, 2010). How Dependent Are We On Foreign Oil? U.S. Energy Information Administration. Retrieved March 12, 2011 from http://www.eia.gov/energy_in_brief/foreign_oil_dependence.cfm
EIA. (March 8, 2011). Short-Term Energy Outlook. U.S. Energy Information Administration. Retrieved March 11, 2011 from http://www.eia.doe.gov/emeu/steo/pub/contents.html
U.S. Census Bureau. (March 10, 2011). U.S. International Trade in Goods and Services. January 2011 U.S. Census Bureau. U.S. Bureau of Economic Analysis. CB11-41, BEA11-09, FT-900 (11-01). Retrieved from http://www.census.gov/foreign-trade/Press-Release/current_press_release/ft900.pdf
Note: All numbers for 2010 except oil additions for 2009.