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oil consumption


Falling oil prices shake up global economies

Dropping oil prices are having complex effects on economies around the globe that are only starting to be felt.
Royalties from oil production on state lands is pushing Texas' Permanent University Fund toward a record $1 billion in annual revenue. (AP Photo/Hasan Jamali)

Report: US oil growth having limited effect on energy security

The United States may soon claim the throne as the world’s top crude and gas producer, but America’s dependence on oil leaves the nation at risk, according to a global energy security assessment issued Monday.

Tech Talk – Insecurity in the Middle East

The continuing conflict in Syria, and the slow spread of violence in the region around it continue to make it difficult to accurately predict the future of oil exports from the region. Within Syria itself, production had fallen into decline about ten y…
Categories: Middle East

Why is US Oil Consumption Lower? Better Gasoline Mileage?

United States oil consumption in 2012 will be about 4.7 million barrels a day, or 20%, lower than it would have been, if the pre-2005 trend in oil consumption growth of 1.5% per year had continued. This drop in consumption is no doubt related to a rise…

Will U.S. Oil Consumption Continue to Decline?

This is a guest post by James Hamilton, Professor of Economics at the University of California, San Diego. This post originally appeared on the Econbrowser blog here.
A lot of attention has been given to the optimistic assessments of future U.S. and Ir…
Categories: Crude oil

January Oil Supply


Stuart Staniford is a scientist and innovator in the technology industry with advanced degrees in physics and computer science.

This post presents the latest data from the Energy Information Administration (EIA), the International Energy Agency (IEA), and the Organization of Petroleum Exporting Countries (OPEC) on crude oil and associated liquids production and price as of January 2012. This article is cross posted from Early Warning, where it forms part of a long-running series of articles that charts monthly changes in global oil supply (total liquids) from the EIA, IEA, and OPEC.


Total liquid fuels were at all time highs ...

Categories: Europe

Poll: Just 19% of Americans think feds doing adequate job of developing U.S. energy resources


The national survey of likely voters found that 75 percent do not believe the country is sufficiently developing its own resources.