Oil, Black Gold, Texas Tea

[Sean Osborne]

Take a good look at the following data...


Top World Oil Producers, Exporters, Consumers, and Importers, 2004

(millions of barrels per day)

Producers1	Total oil production	Exporters2	Net oil exports	Consumers3	Total oil consumption	Importers4	Net oil imports
1. Saudi Arabia	10.37	1. Saudi Arabia	8.73	1. United States	20.5	1. United States	11.8
2. Russia	9.27	2. Russia	6.67	2. China	6.5	2. Japan	5.3
3. United States	8.69	3. Norway	2.91	3. Japan	5.4	3. China	2.9
4. Iran	4.09	4. Iran	2.55	4. Germany	2.6	4. Germany	2.5
5. Mexico	3.83	5. Venezuela	2.36	5. Russia	2.6	5. South Korea	2.1
6. China	3.62	6. United Arab Emirates	2.33	6. India	2.3	6. France	2.0
7. Norway	3.18	7. Kuwait	2.20	7. Canada	2.3	7. Italy	1.7
8. Canada	3.14	8. Nigeria	2.19	8. Brazil	2.2	8. Spain	1.6
9. Venezuela	2.86	9. Mexico	1.80	9. South Korea	2.1	9. India	1.5
10. United Arab Emirates	2.76	10. Algeria	1.68	10. France	2.0	10. Taiwan	1.0
11. Kuwait	2.51	11. Iraq	1.48	11. Mexico	2.0
12. Nigeria	2.51	12. Libya	1.34
13. United Kingdom	2.08	13. Kazakhstan	1.06
14. Iraq	2.03	14. Qatar	1.02

NOTE: OPEC members in italics.
1. Table includes all countries with total oil production exceeding 2 million barrels per day in 2004. Includes crude oil, natural gas liquids, condensate, refinery gain, and other liquids.
2. Includes all countries with net exports exceeding 1 million barrels per day in 2004.
3. Includes all countries that consumed more than 2 million barrels per day in 2004.
4. Includes all countries that imported more than 1 million barrels per day in 2004.
Source: Energy Information Administration (EIA). www.eia.doe.gov/emeu/cabs/ .