Graph of the Day: World Oil Production, 2002-2012
From The Oil Drum:
World oil production peaked in 2008 at 81.73 million barrels/day (mbd) shown in the chart below. This oil definition includes crude oil, lease condensate, oil sands and natural gas plant liquids. If natural gas plant liquids are excluded, then the production peak remains in 2008 but at 73.79 mbd. However, if oil sands are also excluded then crude oil and lease condensate production peaked in 2005 at 72.75 mbd. … The map below shows oil consumption per person in 2007 and also indicates the high consumption per person of the oil importing country USA. In 2007, the USA consumed twelve times more oil per person than China and in 2008, using recent data, this ratio was just under eleven. In 2009, USA consumption is forecast to fall further while China’s consumption is forecast to increase, according to EIA forecasts. This implies that the USA will consume just over ten times more oil per person than China in 2009. …