Business Insider’s Chart of the Day uses data from the
Energy Information Administration’s Short-Term Energy Outlook to illustrate the EIA’s
projection for U.S. crude oil production.
2012 production is 6.3 million barrels per day (bbl/d). The EIA predicts 2013 production will rise to
its highest level in twenty years: 6.8 million bbl/d. And while OPEC production represents 40% of
the world’s oil supply, the EIA predicts OPEC production to drop significantly
in 2013. On the other hand, the Administration forecasts
2013 North American production to rise more than any other oil-producing region
in the world. The EIA also predicts
global oil consumption to rise 0.9 million bbl/d to 89.94 million bbl/d. Roughly half of this increase is due to
Chinese oil consumption, which is predicted to climb 0.76 million bbl/d.
About TeachingwithData.org
TeachingWithData.org is a partnership between the Inter-university Consortium for Political and Social Research (ICPSR) and the Social Science Data Analysis Network (SSDAN), both at the University of Michigan. The project is funded by NSF Award 0840642, George Alter (ICPSR), PI and William Frey (SSDAN), co-PI.
Translate
Search This Blog
Popular Posts
-
A study recently featured in the Journal of Comparative Economics examines income inequality in urban China. Capital income increased d...
-
If you’ve hit the point in the semester where your classes have fallen into routines and you’d like to spice things up a bit, this webinar i...
-
According to the Washington Post, since 2009, the unemployment rate in the United States has dropped by 50% . The traditional...
-
A recent post on the Economist’s Graphic Detail blog includes a global map of cigarette smokers in 2010, as reported by the American Cance...
-
Using data from the Violence Policy Center, the Bureau of Justice Statistics, the National Institute of Justice, and the Center for American...
No comments :
Post a Comment