Question:

How many barrels of oil are consumed daily in the United States?

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How many barrels of oil are consumed daily in the United States?

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  1. 861.4 million tonnes.

    Quite a lot!!


  2. How many barrels of oil are consumed daily in the United States?

    I believe it is about 21 to 23 million barrels a day! 1 barrel has 42 US gallons

    Welcome to the OPEC&OILCO Matrix! Remember after oil, food and water are next on the list of coming resource crunches! Along with worse weather and higher temperatures across the globe even if, & it must be said, we change our ways of using energy sources made of hydrocarbons!

    Like in the movie!,

    I recommend the blue pill to anyone willing to listen and change!

    Excerpt:

    From the EIA of the DOE: http://www.eia.doe.gov/pub/oil_gas/petro...

    "Measuring Oil Consumption

    Measuring oil consumption presents a dilemma for public and private analysts.  The size and complexity of the market and the number of consumers and suppliers make data collection a daunting task.  The EIA, like other governmental agencies and analysts, uses a variety of approaches to measure oil consumption.  

    In-depth consumer surveys, for instance, can provide a good deal of insight into how people use oil, the characteristics of the fuel-burning equipment they use, and other factors that affect consumption.  EIA has undertaken a variety of complex surveys to examine oil consumption, such as the Residential Energy Consumption Survey and the Manufacturing Energy Consumption Survey.  These surveys, however, are costly, time-consuming, and of necessity have a long lag before publication.  They are not practical alternatives for short-term data collection.

    Collecting data from suppliers, a much smaller universe, is a better option for estimating consumption on a routine basis.  Here, too, the depth of required/requested information is critically affected by the frequency with which it must be reported.  On an annual basis, for instance, EIA collects and publishes detailed sales data such as its Sales of Fuel Oil and Kerosene report, the source for sector-by-sector information on consumption of these fuels.  Available on a State-by-State basis, the report's data also feed EIA's multifuel State Energy Data System (SEDS).  On a monthly basis, EIA collects sales data for major products from refiners and from prime suppliers, which it publishes in the Petroleum Marketing Monthly (PMM).  The prime supplier data, reflecting first sales into a State for local consumption, are published in the PMM on a State-by-State basis.    

    Finally, for petroleum, as for other goods, EIA also routinely monitors the sources of supply in order to estimate the amount of product delivered to the market.  To make the data collection manageable, it focuses on the "primary supply" system -- refiners, importers, pipelines, and marine transporters of petroleum, large storage facilities, and/or storage facilities with access to waterborne deliveries or pipelines.  For most refined petroleum products, the balance is:

    Refinery production (output)  

    plus imports of the product  

    plus or minus the change in inventory  

    plus or minus shipments from other domestic regions  

    minus exports  

    equals Product Supplied  

    However, while petroleum analysts equate "Product Supplied" with consumption, there is a lag between petroleum delivered into the market and petroleum actually consumed.  The product may sit in a tank belonging to a wholesaler, a retailer, or even a consumer  before it is used.  We cannot capture these small movements and therefore can be surprised by short-term volume fluctuations as these tanks are unexpectedly filled or emptied.  Thus, the methodology overstates "demand" when the product moves into wholesaler or retailer storage and understates it during the period when it is actually consumed."

    For 2007, Showing latest available data. Rank   Countries   Amount  (top to bottom)    

    #1   United States: 20,730,000 bbl/day    

    #2   China: 6,534,000 bbl/day    

    #3   Japan: 5,578,000 bbl/day    

    #4   Germany: 2,650,000 bbl/day    

    #5   Russia: 2,500,000 bbl/day    

    #6   India: 2,450,000 bbl/day    

    #7   Canada: 2,294,000 bbl/day    

    #8   Korea, South: 2,149,000 bbl/day    

    #9   Brazil: 2,100,000 bbl/day    

    #10   France: 1,970,000 bbl/day    

    #11   Mexico: 1,970,000 bbl/day

    see complete list at http://www.nationmaster.com/graph/ene_oi...

    World consumes 82-85 million barrels per day, OPEC(11 countries are members) produces between 27.5 and 31 Million Barrels per day They have enough to exp[ort . Many countries are net oil importers bec they consume more oil than they have from the oil fields in their country! The US imports more than 50% of its requirements/consumption!

    offtopic note: People need to think more quantitatively and factually understand the structure of the oil industry that is milking the situation out of greed and their failure to operate in the greater interests of all  Americans. The Shareholders of OILCOS who are benefiting from the oil situation are not the majority of Americans as the Energy For Tomorrow PAC wants to convince us!

    Offtopic but related to oil situation see this resolved Q:  Y were the OILCO's operating in OPEC nations kicked out after their operating assets & oilfields were taken?

    To do more than learn facts see this Q--->What are the 5 Best ways to bring oil prices down worldwide?  http://answers.yahoo.com/question/index;...

  3. Too many...

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