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Oil Consumption

Oil Consumption. Oil, Gasoline, Consumption, Prices. US Transportation Energy (28%). US Cars and Drivers. US Population: 300 million Licensed drivers: 190 million Cars and light trucks: 210 million Miles per vehicle: 14,000 MPG: 20. Annual Consumption.

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Oil Consumption

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  1. Oil Consumption Oil, Gasoline, Consumption, Prices

  2. US Transportation Energy (28%)

  3. US Cars and Drivers • US Population: 300 million • Licensed drivers: 190 million • Cars and light trucks: 210 million • Miles per vehicle: 14,000 • MPG: 20

  4. Annual Consumption • Gasoline Consumption: 700 gal per vehicle • Gasoline Cost: $2,000 per vehicle • CO2 emissions: 7 ton per vehicle

  5. Gasoline Pump Price: From 1919

  6. Gasoline Pump Price: From 1980

  7. Gasoline Price Components

  8. Gasoline Profits When you buy a gallon of gas at $2.50. $1.33 for crude oil $0.48 for refining $0.23 for distribution $0.48 for taxes $$  producers & refiners

  9. Gasoline is derived from Crude Oil

  10. Oil

  11. Oil Refinery

  12. Oil Refinery

  13. Gasoline • Hydrocarbon chains CH2-CH2-CH2----- • Combustion 2CH2 + 3O2 2CO2 + 2H2O

  14. US Oil Consumption(40 Quad)

  15. Oil Consumption • US Consumption: 21 MBD • Global Consumption: 84 MBD • US Imports 12 MBD

  16. US Sources of Oil

  17. Global Oil Resources • Saudi Arabia 26% • Iraq 11% • Iran 10% • Kuwait 10% • UAE 6% • Russia 5% • Venezuela 5% • Nigeria 3% • Libya 3% • China 3% • Mexico 2% • United States 2%

  18. OPECOrganization of the Petroleum Exporting Countries

  19. Imported Crude Oil Price

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