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Oil Production and Consumption. By Joseph Yacomine. How is oil production and consumption geographically distributed today. Notes for the Graph Above. Africa trades the most oil: 329,100,000 tons The next highest trader is Northern Asia It trades 290,800,000 tonnes. Notes for Graph Above.

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Oil production and consumption

Oil Production and Consumption

By Joseph Yacomine



Notes for the graph above
Notes for the Graph Above distributed today

  • Africa trades the most oil: 329,100,000 tons

  • The next highest trader is Northern Asia

  • It trades 290,800,000 tonnes


Notes for graph above
Notes for Graph Above distributed today

  • USA has been the highest oil consumer at ten million barrels per day. By 2010 the number has doubled

  • The lowest oil consumers on the graph are India and South Korea at 2.5 million barrels per day in 2010



Notes for graph above1
Notes for Graph Above years

  • The two spike years of oil production increase are 1981 and 2008

  • 1981 saw 61 million barrels a day at 65 dollars a barrel and 2008 had 75 million barrels a day at 95 dollars a barrel


Notes for graph above2
Notes for Graph Above years

  • In 1950 began with 500,000,000 barrels a day

  • In 1980 oil consumption peaked at 3,000,000,000 barrels a day before having a short decrease until 1985

  • There was nothing but an increase after that, reaching 3,800,000,000 barrels a day in 2005


Notes for graph above3
Notes for Graph Above years

  • Industrialized countries have always consumed more oil than developing countries and the Former Soviet Union.

  • In total, the world consumed approximately 48 million barrels a day in 1970, and by the turn of the century that number had increased to 65 million barrels. It is predicted to reach 120 million barrels by 2020

  • It is predicted that developing countries will consume the same amount of oil a day (approximately 40 million barrels) by 2020


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