Home > CO2-Free Energy (Example: Solar Electricity), Fande = Fact & Evidence, The Economy > The U.S. imports 50% of the oil it consumes

The U.S. imports 50% of the oil it consumes

Americans consume roughly 7.1 billion barrels of oil in 2009

http://www.eia.doe.gov/basics/quickoil.html

U.S. Petroleum Consumption (2009)
19.5 million barrels per day
or
7.1 billion barrels per year
“The Westwood company revealed in July that it had found the equivalent of 150 million to 250 million barrels of oil and natural gas in an undisclosed part of Kern County using techniques that the oil company’s executives would rather not talk about. It was California’s biggest find in 35 years.”
* Even if the company can bring above ground the total of 150-250 million barrels of oil (assuming the find is mostly oil) it is still an insignificant amount–15 to 25 days worth of oil, or 2 to 3.5% of our country’s yearly consumption of oil.
* We still need to import 9.7 million barrels per day or 3.5 billion barrels per year.
Yes, we import half of our oil. And here are the top 15 countries exporting oil to the U.S.
Crude Oil Imports (Top 15 Countries)
(Thousand Barrels per Day)
Country Jun-09 May-09 YTD 2009 Jun-08 YTD 2008

CANADA 2,001 1,746 1,883 1,942 1,926
VENEZUELA 1,119 1,228 1,041 1,085 1,009
MEXICO 1,099 1,088 1,161 1,124 1,196
SAUDI ARABIA 902 996 1,050 1,448 1,515
NIGERIA 769 552 635 943 1,035
ANGOLA 435 493 535 636 496
IRAQ 374 254 468 693 674
RUSSIA 305 416 272 228 114
COLOMBIA 286 227 256 177 182
BRAZIL 269 380 336 280 221
ALGERIA 232 126 246 269 321
KUWAIT 170 93 170 179 219
UNITED KINGDOM 154 164 130 73 69
ECUADOR 148 187 216 178 192
NORWAY 120 92 79 36 38
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