Posts tagged “oil exports”
The production of oil and natural gas in the United States is booming. Next week, the American Security Project, where I am the Senior Fellow for Energy and Climate Policy, is releasing the 2014 edition of our “America’s Energy Choices” report (if you’re in DC, come to our event on Tuesday morning, January 28 for breakfast! RSVP here). Since we first began writing this report in 2011, there has been a sea change in the production of fossil fuels in the U.S.- particularly oil. This article builds off that report and a paper we are releasing detailing the “Five Energy Choices America Needs to Make.” CONTINUE»
In last week’s column, we examined some oil production trivia involving US states. This week, we look at some international oil trivia covering the 5-year period 2007-2011, as well as some individual trivia from 2012.
In this case, the data sources are the 2012 BP Statistical Review of World Energy and the Energy Information Administration. A table showing the Top 15 countries with the highest percentage increases in oil production over the past five years follows the quiz. Answers are at the end.
1. Which country had the largest percentage increase in oil production from 2007 to 2011?
b. United States
Saudi Arabia’s per capita oil consumption is higher than the U.S. and most developed countries
Long known as perhaps the most oil-rich country in the world, Saudi Arabia’s dwindling crude oil deposits could see that nation become an oil importer in less than 20 years, according to a a report compiled by Citigroup Inc.
With the country’s peak rates of electricity production growing at up to eight percent per year and with oil and its derivatives used to generate about 50 percent of the power used by its own citizens, the bank warns that Saudi Arabia could find itself without the crude oil needed to keep its young and relatively wealthy population stocked with energy, forcing it to import the fuel from other nations as soon as the year 2030.
One of my Top 10 Energy Stories of 2011 was the fact that the U.S. had become a net exporter of finished petroleum products such as diesel and gasoline. In fact, because gasoline and diesel prices were so high, U.S. fuel exports were valued at $88 billion, which made them the top value export in 2011 for the first time ever: Measured in dollars, the nation is on pace this year to ship more gasoline, diesel, and jet fuel than any other single export, according to U.S. Census data going back to 1990. It will also be the first year in more than 60 that America has been a net exporter of these fuels. Just how big of a shift… Continue»
It has been two years since I posted the Top 10 oil exporters to the U.S., so I thought I would update that list. In 2007, the U.S. imported just over 10 million barrels per day (bpd) of oil, with our top three suppliers being Canada (1.90 million bpd), Saudi Arabia (1.44 million bpd), and Mexico (1.41). Total oil imported into the U.S. in 2007 averaged 10.0 million bpd. OPEC countries supplied just over half of that – 5.3 million bpd. (All data sourced from the EIA). Data for 2009 are available through October, so I tabulated the twelve-month period from November 2008 through October 2009. Total petroleum imports were down 7% from 2007 at 9.3 million bpd. Top U.S…. Continue»
Forbes magazine is making claims that the U.S. is exporting oil to other countries: America’s Oil Export Problem (Yes, Export) The U.S. could cut oil imports by nearly 15% tomorrow without using less gasoline, invading a foreign country or driving up prices at the pump. How? By cutting exports. This will come as a surprise to many, but in the past four years U.S. oil and petroleum exports have reached four consecutive record highs–at least since the early ’80s. In 2007, the U.S. exported 1.43 million barrels of oil per day; up by roughly half a million barrels of oil per day since 2004. As I said when Jon Tester made similar claims, that’s utter rubbish: First off, here are… Continue»
Tis the season for energy plans. Coming up on the elections, everyone has to have a plan – and I was just e-mailed a copy of Montana Senator John Tester’s plan. There are some good components, but it is also rich with irony. A common-sense energy plan for Montana and America As Sharla and I buckle down for another harvest near Big Sandy, we’re feeling what all Montanans are feeling at home — the pinch of out-of-control energy prices. It’s an issue that I deal with every day as a U.S. Senator and as a family farmer. Our energy problems are the result of poor presidential leadership and a weak dollar. And with $12 billion in borrowed money going to… Continue»
Jonathan Callahan, a Ph.D. chemist who spent 12 years working for NOAA, has created a very useful databrowser for exploring the supply/demand situation in various countries around the world. Based on BP’s 2007 Statistical Review, it provides a quick and easy way to see the trends for whether countries are consuming or producing, importing or exporting crude oil and natural gas. The tool may be found at Energy Export Databrowser. How useful is this tool? It took me about 5 seconds to pull up the following graphic for crude oil trends in the U.S.: The databrowser contains over 80 countries. The strength of the tool is that it groups a lot of valuable information in one place, and makes it… Continue»
I kept expecting a pull-back in prices at $90/bbl, then $100, then just watched as prices kept climbing to today’s level of $118. While I won’t be surprised if we do see a short-term correction, in the longer-term I suspect we will be going much higher. Why? Here is part of the reason: Emerging Market Oil Use Exceeds U.S. as Prices Rise April 21 (Bloomberg) — Traffic jams in Beijing and humming air conditioners in Dubai are replacing U.S. highways and suburbs as the driver of global oil prices. China, India, Russia and the Middle East for the first time will consume more crude oil than the U.S., burning 20.67 million barrels a day this year, an increase of 4.4… Continue»
Following the theme of the previous post on where we get our gasoline imports, below is the list of our Top 10 sources of oil imports for 2007. For 2007, our Top 10 importers of crude oil into the U.S. in million barrels were: 1. Canada 680.533 million barrels2. Saudi Arabia 530.2453. Mexico 514.484. Venezuela 419.8415. Nigeria 394.8566. Angola 181.2157. Iraq 177.0098. Algeria 161.7559. Ecuador 72.13810. Kuwait 64.306 Source: U.S. Crude Imports by Country of Origin If you compare to the list for gasoline imports, Canada is the only country common to both lists (although “OPEC Countries” in total came in at #10). Any surprises on that list? I am surprised to see Ecuador in the Top 10. I would… Continue»