Tuesday, July 26, 2011

Inventory of world oil consumption


Between 1859 and 1968, humanity has consumed 200 billion barrels of oil. Today, it consumes more than 30 billion barrels per year (that is to say, 13 billion liters per day!).

Despite oil prices that is increasing world consumption of oil always follows a rise.

The global oil demand for 2007 is estimated by the IEA to 85.8 Mbl / d, 31.3 Gbl for the entire year: it Gbl 0.37 from 2006. For 2008, expected to reach 32 Gbl, an increase of 2.3% over 2007. However the forecast for 2008 is uncertain due to global economic conditions (recession due to among other subprime crisis ).

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