This material regarding production and consumption is from the June 28 - July 4, 2008 issue of New Scientist. The editorializing is my own.
Does anyone have any idea what worldwide oil production and usage is in thousands of barrels? Well, the U.S. even today is the number 3 oil producer at 8,330 (thousand) barrels per day.
Producers: Saudi Arabia is first, 10,665; Russia, 9677, U.S.A., 8330; Iran, 4148; China, 3845; Mexico, 3707, Canada, 3288; UAE, 2945; Venezuela, 2803; Norway, 2786; Kuwait, 2648; Nigeria, 2443; Algeria, 2122, Iraq, 2008.
Users: U.S. 20,687; China, 7201; Japan, 5159; Russia, 2811; Germany, 2665; India, 2522; Canada, 2264; Brazil, 2217; South Korea, 2174; Saudi Arabia, 2139; Mexico, 1997; France, 1961; UK, 1830; Italy, 1732; Iran, 1686.
I did a quick calculation in my head, so I cannot vouch for its accuracy, but the daily production listed comes to 61,415,000 barrels, and the daily consumption comes to 59,045,000 barrels.
This is without regard to consumption in numerous countries, so just what the actual balance is, is difficult to determine from this information.
But with even seasonal fluctuations in use, we have a problem, where shortages would occur.
The worldwide use of oil is increasing rapidly. Despite a sense to the contrary, the U.S. remains the world's number one producer of goods, still exceeding Chinese production.
By the way, this is a shocker, the energy, BTUs in a barrel of oil, 32 gallons (and this is only an imprecise "rule of thumb" but is illustrative), is equivalent to the energy of five laborers working non-stop for a year.
Our civilization is dependent on availability of energy. Those of you who trivialize it, are seemingly unaware of its necessity for us to continue to maintain our civilization.
We are confronted by burgeoning world populations and industrialization.
Maybe we should ban export of most of our oil, or more than we currently export at least. Newly discovered and recovered energy should be put exclusively to U.S. use.
The Chinese are quitely asserting rights and dominion over oil resources worldwide without regrd to other matters, which divert our attention, such as "human rights," recognizing that survival of their society depends on acquisition of resources. so, they thwart international action to stop the genocide in Dufar (Sudan). there are all sorts of positions and actions that flow from the need for oil. You can't be an altruist, when you are languishing without a resource.
How far will your "principles" propel your vehicle, and how much heat will they provide for your house? TGhe hot air of the idealists doesn't accomplish much productively insofar as such practical matters are concerned.