Thursday, September 27, 2007

Units of measure to know / Oil

One million barrels of Oil per day: mb/d
--as-in--
85 = world production (Dec, 2005)
53 = consumed where produced, 32 = exports
21 = USA demand, 25% of world production
13 = USA imports, 40% of export market
09 = Saudi production (9.5), 07=exports, 05=the Ghawar field
08 = USA production
05 = from Mexico 1.6,Saudi Arabia 1.4, Venezuela 1.1, Nigeria1.0
02 = from Canada (50% from tar sands)
04 = Gulf+Texas+Louisianna production
02 = Alaska Pipeline capacity (01 is being used)
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Other useful numbers
.3 mb/d = fuel bought by DoD mostly jet fuel (4200/42)/365
SPR = 724 million bbl, 1 month's US use, 9 days' world use
30 billion bbl/year world oil production rate

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