Using this chart, what percent of US oil come from Venezuela?

Question

I am not sure how to figure it out.

Total Imports of Petroleum (Top 15 Countries)

(Thousand Barrels per Day)

Country Nov-06

CANADA 2,598

MEXICO 1,584

SAUDI ARABIA 1,491

VENEZUELA 1,275

NIGERIA 972

IRAQ 573

ANGOLA 521

ALGERIA 462

VIRGIN ISLANDS 331

UNITED KINGDOM 291

KUWAIT 259

ECUADOR 248

RUSSIA 223

BRAZIL 182

NORWAY 174

Note: The data in the tables above exclude oil imports into the U.S. territories.

Answer 1

Hi!

It is kind of difficult to indicate a total percentage, since you are listing the top 15 imports of petroleum, not ALL of them.

You can calculate a percentage based on the table, assuming the table indicates the total of US oil imports.

In that case, you should sum up all the imports (2598+1584+1491...) which add to: 11184, this would be your 100%

If that is your 100% then you have to calculate what percentage the Venezuelan import (1275) is. You use the formula:

(1275*100)/11184= 11,4%

Based on the table, then. And assuming it gives you 100% of the US oil import data, you could say that Venezuela:

- Imports a total of 1,275,000 barrels of oil per day in the US.

- 11,4% of the total US oil imports come from Venezuela.

(As of Nov. 2006)

(Note that the table indicate the data to be in thousand barrels per day, which mean you have to multiply the number given by 1000 to get the exact number of barrels imported).

Goodluck!

Answer 2

You need to sum up the total oil imported.  Then you divide the amount of oil imported from Venezuela by the total:

1275/11184 = 0.114

To get a percentage, multiply by 100

11.4 percent

Answer 3

It is more like 5-6%.  The amount of domestic production is about 9 million barrels per day, but decreasing