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At the end of 2008 how many barrels of crude oil existed in reserves?
Wiki User
∙ 13y ago
At the end of 2008, the US had about 714,000,000 barrelsof crude oil in the Strategic Petroleum Reserve.
Wiki User
∙ 13y ago
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In 2008 how many barrels of oil did the US use?
The US consumed 7,136,255 barrels of total crude oil and petroleum products in 2008.
How many barrels of crude oil are imported to the US each day?
The correct answer is a nauseating 9.6 million barrels per day as of July 4, 2008. Current rates can be seen here under "Crude Oil" in units of thousand barrels: http://tonto.eia.doe.gov/dnav/pet/pet_move_wkly_dc_NUS-Z00_mbblpd_w.htm
How much oil is produced daily?
81millions barrels a day as of 2008 results this number is to increase
How much oil does Iran sell to each of its customers?
A lot! all of Iran is literally floating on a giant ocean of oil.
When was Sweet Crude created?
Sweet Crude was created in 2008.
When was World Surfing Reserves created?
World Surfing Reserves was created in 2008.
How many barrels of oil are in the strategic petroleum reserve?
707 Million Barrels as of August 16th, 2008 with a capacity of 727 million barrels.
What was highest price per barrel of crude oil in 2008?
The highest price for barrel of crude oil reached $128.08in July 2008.
How much oil does Philippines produce?
The Philippines is not a significant oil producer. The country relies heavily on oil imports to meet its energy needs. The main sources of energy production in the Philippines are coal, natural gas, and renewable energy sources.
How much oil does Mexico import?
Approximately 551.52 million barrels, ranking 16th in the world.
How many barrels of crude oil are produced every year?
Worldwide oil production was 85.64 millon barrels per day in the third quarter, 2008 and 85.69 million barrels per day in the second quarter, 2008. I can only give you an approximate estimate for worldwide oil production for the full year 2008 as the fourth quarter production is not yet available. It is likely to be down from the prior quarters. Based on average of 85 million barrels per day, worldwide production would be 30.7 billion barrels for the full year. Looking at data from 2004 to 2007, production has been in the range of 82.9 to 82.86 million barrels of oil per day (30.2 to 31.3 billion bbls/yr) For further information, please see: http://www.eia.doe.gov/oil_gas/petroleum/info_glance/petroleum.html and you can find a spreadsheet with both US and International production on the lower left hand side of this webpage.
How much United States oil is exported?
There is no official answer to how much crude oil is being exported that is easy to find online. There is, however, a Forbes article dated July 3rd, 2008, that provides the following about refined products such as gas and diesel: "A record 1.6 million barrels a day in U.S. refined petroleum products were exported during the first four months of this year, up 33 percent from 1.2 million barrels a day over the same period in 2007. Shipments this February topped 1.8 million barrels a day for the first time during any month, according to final numbers from the Energy Department." Based on the Energy Information Agencies' (EIA) numbers, the US uses approximately 20 million barrels of crude a day. The EIA also reports that 1 barrel of crude (42 gallons) makes approximately 20 gallons of gasoline and 7 gallons of diesel. Assuming that most of the exported products are gasoline and diesel, and knowing from calculating that roughly 64% of a barrel of crude oil (which is the percentage of gasoline and diesel that comes out of a barrel of crude oil) can be refined into gasoline and diesel, then the 1.6 million barrels a day being exported represents roughly 2.2 million barrels of crude a day or about 10% of the crude oil used daily by the US. It may be accurate to say that no crude oil is being exported from the US, but up to 10% of our crude oil is being exported in the form of refined products. This makes the argument that the US has a shortage of refining capacity to handle the US market questionable at best. The assumption made here is that most of the refined products being exported are gasoline and diesel instead of other oil related products. If this assumption is way off, please post what the correct stats are and a reliable source for any correction.
