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Reader David Epperson sent in some interesting charts on global oil
usage that he produced from U.S. Energy Information Administration (EIA) data. The data is through the end of 2013.
David writes ...
Hello Mish,
I was curious how much oil consumption had declined over the last few years,
so I went to the EIA web site, downloaded the consumption data and produced
the following charts.
The data represents the percentage change in oil consumption from 2009 to
2013, the latest year non-OECD data were available. This is an absolute
percentage change, and not an annualized change. For instance, oil consumption
in Spain was roughly 20% lower in 2013 than in 2009. This was about the
same rate of decline seen in war-wracked Syria. Greece was down even
more, close to 30%.
In order to make the data labels readable, I’ve had to separate the charts
into three. One shows countries in the 1 million to 20 million b/d
group. The next shows the 1 million – 4 million club (all large
countries excluding the US, China and Japan), and the next shows the 100,000
to 1 million b/d club.
I’ve excluded the 141 countries in the EIA database whose consumption was
less than 100,000 b/d, since these only account for about 3.5% of total
global demand.
The sum for the entire world was a 6.5% increase from 2009-13.
Best regards,
David
Large Users: 1-20 Million Barrels Per Day
click on any chart for sharper image
Medium Users: 1-4 Million Barrels Per Day
(Above Minus US, China, Japan)
Small Users: 100,00 to 1 Million Barrels
Per Day
Observations
- Usage in the US is up only 1% since 2009
- Usage in most European countries is down since
2009 (Germany, UK, Spain, Italy, France, Finland, Sweden, Denmark,
Portugal, Czech Republic, Ireland, Hungary, Netherlands, Poland)
- China, Japan, India, Russia, Brazil, Saudi
Arabia are the largest countries where oil usage is expanding
- From a Peak Oil aspect China and Japan are the
most troubling
Total Petroleum Consumption (Thousand
Barrels Per Day)
|
Country
|
2009
|
2010
|
2011
|
2012
|
2013
|
% ∆ 09-13
|
Growth 09-13
|
% Growth
|
|
China
|
8,539.73
|
9,330.18
|
9,504.05
|
9,874.71
|
10,116.64
|
18.5%
|
1,576.91
|
28.5%
|
|
Saudi Arabia
|
2,194.54
|
2,371.38
|
2,760.91
|
2,861.00
|
2,925.00
|
33.3%
|
730.46
|
13.2%
|
|
Brazil
|
2,481.45
|
2,621.78
|
2,886.71
|
2,997.00
|
3,097.00
|
24.8%
|
615.55
|
11.1%
|
|
India
|
3,112.74
|
3,255.39
|
3,280.98
|
3,450.00
|
3,509.00
|
12.7%
|
396.26
|
7.2%
|
|
Russia
|
2,950.43
|
2,992.09
|
3,115.03
|
3,195.47
|
3,320.00
|
12.5%
|
369.57
|
6.7%
|
|
Indonesia
|
1,405.89
|
1,465.50
|
1,571.30
|
1,610.00
|
1,660.00
|
18.1%
|
254.11
|
4.6%
|
|
Canada
|
2,184.18
|
2,283.35
|
2,310.12
|
2,350.69
|
2,424.35
|
11.0%
|
240.17
|
4.3%
|
|
United States
|
18,771.40
|
19,180.13
|
18,882.07
|
18,490.21
|
18,961.13
|
1.0%
|
189.73
|
3.4%
|
|
Argentina
|
588.62
|
620.26
|
729.10
|
737.00
|
758.00
|
28.8%
|
169.38
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3.1%
|
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Japan
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4,362.79
|
4,429.24
|
4,442.45
|
4,694.76
|
4,530.82
|
3.9%
|
168.03
|
3.0%
|
China alone accounts for 28.5% of global oil usage growth since 2009.
China, Saudi Arabia, Brazil, India, and Russia account for 66.7% of global
oil usage growth since 2009.
BRIC (Brazil, Russia, India, and China) GDPs, especially China and India are
highly unlikely to grow at projected rates. Global oil production will not
keep up.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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