Top 10 Oil Producers in 2013 – Leading Oil Producing Countries

Oil Producing Countries

This week BP (NYSE: BP) released their Statistical Review of World Energy 2014. I have been diving into the report, and as always will write a series of articles based on the latest results. Today I want to provide an update of the world’s Top 10 oil producers for 2013 based on the BP report. Top … Read more

Where The US Gets Its Oil From? You’ll Be Surprised

US oil

How Much Oil Do We Produce, and How Much Is Imported? The United States imported about 58% of the petroleum, which includes crude oil and refined petroleum products, that we consumed during 2007. About half of these imports came from the Western Hemisphere. The United States consumed 20.7 million barrels per day (MMbd) of petroleum … Read more

World Sets New Oil Production and Consumption Records

Oil Production Records

Last month BP (NYSE: BP) released the Statistical Review of World Energy 2014. This report is one of the most comprehensive sources of global and country-level statistics on the production and consumption of oil, natural gas, coal, nuclear power and renewables. Right after the release of the report, I wrote a short post discussing the highlights. … Read more

Charting the Dramatic Gas Price Rise of the Last Decade – Gas Prices in 2000

Gas Prices

Different Situation, But Prices Are Not Unprecedented In a previous column, I pointed out that — perhaps surprisingly — the price we’ve been paying for gas lately, compared to 90 years ago, is not as high as people would think — that is, once the rate of inflation is factored in to the equation. For … Read more

How High Have Gas Prices Risen Over the Years?

Inflation-Adjusted Data Gas prices are spiraling through the roof like never seen before. People often point to specific years that gas was so cheap, in an effort to blame politicians, Big Oil, or whomever else is the flavor of the day. Indeed, a gallon of gas was going for only a quarter of a dollar in the … Read more