Oil consumption by the numbers

•  Average US daily petroleum  consumption for 2002:  19.636 million barrels (1 barrel = 42 US gallons)
•  Average 2002 daily petroleum consumption for France, Germany, Greece, Italy, Spain, Sweden,  Switzerland, the UK and 14 other European countries, combined:  15.083 million barrels
•  Proven world crude oil reserves as of December, 2001: 1.074 trillion barrels
•  Percentage of proven crude oil reserves located in OPEC member countries: 78
•  Number of years OPEC estimates its oil reserves to last at the current rate of consumption: 80
•  Number of discovered oil fields in Iraq: 73
•  Number of producing oil fields in  Iraq: 24
•  Rank of Iraq behind Saudi Arabia among world’s largest oil proven reserves: 2
•  Percentage of US oil consumption that is motor gasoline: 45
•  Maximum one-time deduction for businesses buying “light trucks”  (a category including Hummer 2,  the Cadillac Escalade, and Mercedes M Class SUV): $24,000
•  Maximum one-time deduction for individuals or businesses buying the 2003 Honda Civic Hybrid: $2,000
•  Combined miles per gallon for the 2003 Cadillac Escalade: 15
•  Combined miles per gallon for the 2003 Honda Civic Hybrid: 51

Comments are closed.