US Oil Consumption Dropped in 2005; Global Consumption Climbed
15 June 2006
|US, China and Japan. Click to enlarge.|
According to BP’s just-released Statistical Review of World Energy 2006, consumption of oil in the US dropped 0.16% in 2005 from the year before, declining from an average of 20.732 million barrels per day (mbpd) to 20.655 mbpd.
Global consumption of oil, however, increased 1.3% from 2004 to 2005, climbing from 81.444 mbpd to 82.459 mbpd. US share of global consumption thus dropped from 25.46% to 25.05%.
The 2005 decline is US consumption was the first since 2001, when it dropped 0.27% to 19.649 mbpd from the year before.
China, the second-largest consumer of oil behind the US, saw its consumption climb 2.9% from 6.772 mbpd to 6.988 mbpd. Japan, in third place, also increased its oil consumption 1.4% from 5.286 mbpd to 5.360 mbpd.
|Production in the US. Click to enlarge.|
Oil production in the US continued its decline, dropping 5.5% in 2005 to 6.820 mbpd—assisted in that loss by the impact of the hurricanes in the Gulf.
Worldwide, oil production—including crude oil, shale oil, oil sands and natural gas liquids—increased by 1% in 2005 to 81.088 mbpd.
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