N1 said:
Yet another of your paranoid, ill informed posts. Lets have a few facts shall we? :blink:
There is no paranoia anywhere and the link you provided doesn’t prove a thing and all my posts are absolutely correct. Let's see:
I don’t know how those numbers in your link were calculated so I can only comment superficially on them but what I know is that they are absolutely useless.
First what I am interested is what an entire country spends in a year in terms of % of World consumption and how much % of the World population that country represents. It seems the same thing but it isn’t.
On the other end its necessary to know the REALLY consumption of each country, something rather difficult to access and I explain why with a single example:
Europe import “X†number of millions of barrels a day.
A lot of sites and superficial studies use this number as their “consumptionâ€, something that is plain wrong. Europe has a sea of surplus of gasoline because most of their transportation by land and water uses Diesel fuel or heavy oils. All that surplus of gasoline is exported and sold to the US and is used up in their SUV’s.
THIS is one reason why the use of Diesel engines is not being encouraged by the US legislators… it would create an imbalance between consumption and production of refined products. (as you know what comes out of a refined of a barril of oil can't be "adjusted" more then a few %s depending on the quality of the crude)
So, most or the refined products of that crude imported by Europe end up consumed by the US.
Your link shows numbers that are dead wrong and do not reflect WHERE that oil was really spent. There are countries with huge refining facilities that export the refined products. The UAE is one of such cases and just to think that they could come ahead of the US in ANY KIND of consumption (camels excluded) just show the accuracy of those numbers.
GENERAL BACKGROUND
The overall performance of the UAE's economy is heavily dependent on oil exports, which account fornearly 30% of total gross domestic product (GDP). Growth in real GDP was 4.0% in 2003, partially due to higher crude oil prices, and it is projected to reach 4.2% in 2004. The non-oil segment of the UAE's economy and exports is experiencing strong growth, particularly the petrochemicals and financial services sectors.
... ... ...
Refining
The UAE has two refineries operated by ADNOC. The Ruwais refinery has a capacity of 145,000 bbl/d. It produces light products mainly for export to Japan and elsewhere in Asia. Fuel oil from Ruwais is sold as bunkers by ADNOC and also used for domestic electric power generation. A $480-million contract was awarded to the Italian engineering firm Technip in June 2002 for an expansion of the Ruwais complex to a capacity of 500,000 bbl/d, including refits of existing units and expansion of units for production of unleaded gasoline and low-sulfur fuel oil. Work under this contract is to be completed by 2005. Umm al-Nar, also owned by ADNOC, has a capacity of 88,500 bbl/d. Since its construction in 1976, the Umm al-Nar plant has undergone debottlenecking as well as a recent expansion.
UAE has three other refineries. The Emirates National Oil Company (ENOC) Jebal Ali condensate refinery, with a capacity of 120,000 bbl/d, began operations in Dubai in May 1999. Metro Oil has a 90,000-bbl/d refinery in Fujairah. A 71,250 bbl/d second-hand unit was set up by the Sharjah Oil Refining Company in 2001.
... ... ...
Foreign Downstream Operations
In October 1998, the International Petroleum Investment Company (IPIC), the UAE’s downstream investment outfit, purchased 50% of the Hyundai Oil Refinery Company of South Korea for $500 million. The UAE is the second-largest crude oil supplier to South Korea after Saudi Arabia. IPIC’s overseas holdings also include a 10% stake in Spain’s CEPSA and a 19.6% share of Austria’s OMV.
Most of the electricity they produce, using natural gas and heavy oils, is also exported to saudi Arabia, Qatar, Oman and elswhere.
Consumption 2001
(Millions of barrels per day):
--------------------------------------------------------------------------------
United States: 19.993 (5% of world pop)
Japan: 5.423
China: 4.854
Germany: 2.814
Russia: 2.531
South Korea: 2.126
Brazil: 2.123
Canada: 2.048
France: 2.040
India: 2.011
Mexico: 1.932
Italy: 1.881
United Kingdom: 1.699
Spain: 1.465
SaudiArabia: 1.415
Iran: 1.109
Indonesia: 1.063
Netherlands: .881
Australia: .879
Taiwan: .846
--------------------------------------------------------------------------------
World: 75.988
World Annual: 28,460
Source: USA department of Energy
These are numbers from 2001 but the numbers keep growing year after year for the richest countries... If I had time to find the USA Department of energy for 2003 that should be available by now, I will post it. Those are the numbers I use.
You can see that the US with (5% of the World population) spent almost 20 million barrils a day out of a
World total of 75.988
So now is easy with some simple aritmetics to see what the "really" numbers for 2001 were. The numbers for gasoline consumption are even worse.
The European Union has 25 countries and only 5 show up in that table...
There is the reality and what the oil companies want you to believe...
See the difference bettween "really consumption" and the number of barrils that a country uses for different purposes including refining for export ?
I stick by the numbers I provided because they reflect really consumption.
About the prices, wait for the upturn. Nobody is making crude anymore. We are just spending what is left from something that took millions of years to create and barely 150 after it was discovered and 100 years after is was used in a larger scale we are already more then half way through it. Wait until people start realising that to see what is going to happen.
I know it is useless to try to persuady anyone to see what they do not want to see. I keep on doing it. One day people will wake up to the nighmare prospect of running out of oil. The best estimates point to reserves up to 2027.
