Oil Consumption Oil, Gasoline, Consumption, Prices.

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Presentation transcript:

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  Gasoline Consumption: 700 gal per vehicle  Gasoline Cost: $2,000 per vehicle  CO2 emissions: 7 ton per vehicle

Gasoline Pump Price: From 1919

Gasoline Pump Price: From 1980

Gasoline Price Components

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

Gasoline is derived from Crude Oil

Oil

Oil Refinery

Gasoline  Hydrocarbon chains CH 2 -CH 2 -CH  Combustion 2CH 2 + 3O 2  2CO 2 + 2H 2 O

US Oil Consumption (40 Quad)

Oil Consumption  US Consumption: 21 MBD  Global Consumption: 84 MBD  US Imports 12 MBD

US Sources of Oil

Global Oil Resources Saudi Arabia26% Iraq11% Iran10% Kuwait10% UAE 6% Russia 5% Venezuela 5% Nigeria 3% Libya 3% China 3% Mexico 2% United States 2%

OPEC Organization of the Petroleum Exporting Countries

Imported Crude Oil Price

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