i was curious as to how much oil we consume per day opposed to other countries... in case any of you guys didn't know or are curious yourselves check out this link...
[URL]http://www.nationmaster.com/graph/ene_oil_con-energy-oil-consumption[/URL]
[ms] · Est. May 2002
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u.s. oil consumption
35 durable postsStarted 2008-04-11Latest 2008-04-30
Re: u.s. oil consumption
Wow Pretty much time to get off the oil and on to other resources 20million barrels a day, damn. Now that is excess
Re: u.s. oil consumption
On a related note, take a look at this graph charting the progression of oil prices. It is fucking obnoxious. Do you realize oil has gone up $30/barrel in 2008 alone?
[IMG]http://www.thedailygreen.com/cm/thedailygreen/images/RC/oil-gold-price-md.jpg[/IMG]
...and if I may hijack my own post, does anyone notice anything about the time period where it starts to go up, and what has happened since then? I'm not saying anything, I'm just sayin'... :roll:
Re: u.s. oil consumption
what a coincidence
Re: u.s. oil consumption
[quote=toasty;592494]...and if I may hijack my own post, does anyone notice anything about the time period where it starts to go up, and what has happened since then? I'm not saying anything, I'm just sayin'... :roll:[/quote]
the Iraq War 8)
Re: u.s. oil consumption
a barrel of oil costs less than a barrel of spring water. think about that, considering what oil companies go through in order to find and produce it.
Re: u.s. oil consumption
Yes, we do need to get off the oil... for sure.
Unfortunately, the only people who can do anything about it are us. We just have to use less. If everybody here in the USA cut back their oil use by 10%, prices would come down dramatically.
It's funny to watch the policticians running for president claim they can solve the oil price issue. They can't do a thing about it. Oil prices are controlled by cartel.
The democrats oppose increased refineries, domestic drilling, and alternative energy sources like nuclear power. The republicans refuse to do anything which might upset the oil companies, who are making record profits.
Only the people have the power to affect this issue. And we're simply not willing to do what is necessary.
Re: u.s. oil consumption
[quote=day_for_night;594555]a barrel of oil costs less than a barrel of spring water. think about that, considering what oil companies go through in order to find and produce it.[/quote]
That is true, but hardly surprising. Think about what goes into making/transporting that spring water. Oil is used to create the plastic for the bottle, and to truck the water to your store shelf. When you think about our daily lives and all the little things we do, and then think about how much energy must be consumed for us to have these things.... it's really amazing.
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You know that BMW has already begun production of their hydrogen car.
Unfortunately, there are only 1 or 2 hydrogen fueling stations in the entire USA. Lot of good that does, huh? :what The technology is there, just no infrastructure.
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petroleum based products go waaaay beyond just fuel for our automobiles. the prescription drug business needs oil too.
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[quote=Jenks;595531]petroleum based products go waaaay beyond just fuel for our automobiles. the prescription drug business needs oil too.[/quote]
Almost every business uses some oil in some way, even if indirectly.
Imagine what would happen if tomorrow the gasoline supply for the entire USA were shut off everywhere. (And for argument sake, assume we have no reserves)
Most of the population would be dead within weeks from starvation. We wouldn't be able to get food or water. Where do you get your food? Grocery store? Restaurant? Without gasoline, neither can receive shipments. Most people can't get work work, either. Entire economy shuts down. Yikes. It would be like the stone age.
Not that this would actually happen... just a crazy thought, though.
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i have a gun. i live close to the wilderness. i'd just retreat and live. it's a tempting lifestyle.
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Only the people who can hunt would be able to eat. Of course, those resources would become scarce quickly, too.
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[quote=Jenks;595531]petroleum based products go waaaay beyond just fuel for our automobiles. the prescription drug business needs oil too.[/quote]
the scariest dependancy, in my opinion, is the fertilizer industry (which uses oil to produce fertilizer). the only reason the world can sustain the number of people it currently has is due in large part to agricultural improvements...mainly from fertilizers. when the world runs out of oil, there is the distinct possiblity of a global food shortage unless we come up with a fix in the mean time!
Re: u.s. oil consumption
There is another side of this, though. I had forgotten about it until now.
China.
China can't get enough oil to sustain the levels of growth their economy should be capable of.
If we used less oil, China would just use more. And they would advance faster, which might not necessarily be a good thing for us.
Fucked if we do.... fucked if we don't. ;)
Re: u.s. oil consumption
^^^ China is already using more and more oil every year, irrespective of what we do. And you can be damn sure they won't slow down. And neither will we - not in the foreseeable future. It sounds a bit ironic, but in reality we can't afford[I] not[/I] to consume the oil.
Re: u.s. oil consumption
[quote=subterFUSE;595527]That is true, but hardly surprising. Think about what goes into making/transporting that spring water. Oil is used to create the plastic for the bottle, and to truck the water to your store shelf. When you think about our daily lives and all the little things we do, and then think about how much energy must be consumed for us to have these things.... it's really amazing.[/quote]
what in god's name are you talking about?? it costs more to make and transport spring water than it does oil??! thats news to me. my company is in the process of drilling a new exploration well (with some partners) here. Its gonna cost us $64 million dollars for one well, in about 1000 ft of water, that may or may not have enough recoverable reserves to make it a viable find. if all of the top 5 spring water companies spent that much to find water in the last decade, i'd be shocked.
oil costs significantly more per barrel than spring water. the only reason oil companies make more than companies that sell water is...the world uses alot more barrels per day of oil than spring water.
Re: u.s. oil consumption
Your company? Us? :roflmao:
Re: u.s. oil consumption
[quote=day_for_night;596100]what in god's name are you talking about?? it costs more to make and transport spring water than it does oil??! thats news to me. my company is in the process of drilling a new exploration well (with some partners) here. Its gonna cost us $64 million dollars for one well, in about 1000 ft of water, that may or may not have enough recoverable reserves to make it a viable find. if all of the top 5 spring water companies spent that much to find water in the last decade, i'd be shocked.
oil costs significantly more per barrel than spring water. the only reason oil companies make more than companies that sell water is...the world uses alot more barrels per day of oil than spring water.[/quote]
I think you confused him when you said "a barrel of oil costs less than a barrel of water". That statement taken alone is a bit vague: does it cost less for the consumer to purchase, or less for the manufacturer to produce? I expect you were making the former point, which from a typical consumer standpoint is stylistically accurate. I agree that the latter is most certainly not true.
Buy 1 20-oz bottle of water from a vending machine: $1.00 (if not $1.25, but we'll be conservative). $1.00/20oz = $0.05 / oz
Buy 1 gallon of gas at, say, $3.75 today. That's 128 oz. $3.75/128oz = $0.03 / oz. (rounded)
Holding water prices fixed, break-even between the two is somewhere around $6.40 per gallon of gas.
The big difference, of course, is that bottled water is a vanity purchase, whereas gas is essentially a necessity.
Re: u.s. oil consumption
Why are you comparing the cost of bottled water to gasonline when we are talking about oil? I understand that oil is used to produce gasoline but that isn't an accurate comparison. The true point of the story is, kill all Chinese and we'll be just fine. Who's with me?
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^^ good point. fuck if I know :lol: and yes getting rid of the Chinese would probably help
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gasoline is not oil. gasoline costs includes refining, transportation costs, downstream markup, taxes, etc.
here is an example of per barrel costs of some commonly purchased consumer items. this is a bit stale (about a year old), from when oil was at $60 a barrel.
Costs per barrel oil = $60 gasoline = $105 Cocacola = $134 Milk = $191 Evian Water = $410 Starbucks cafe latte = $890 Paint = $940 Beer = $960 Olive Oil = $1481 Red Wine = $3650 Johnny Walker Red Label = $4480 Johnny Walker Black Label = $6480 Johnny Walker Blue Label = $35200 Chanel #5 = $2,000,000
If that doesn't put it into perspective, especially when you consider the upfront costs that oil companies incur to find new reserves (2D & 3D seismic, drilling, labour, rig rental, etc etc etc), of how truely cheap a barrel of oil is I don't know what will.
Even with oil at $120 a barrel, its still cheaper than a barrel of cocacola!
Re: u.s. oil consumption
^^^ I assume your comparison data is based on proportional manipulation of consumer prices as opposed to actual fully-loaded COGS or something like that....
Re: u.s. oil consumption
[QUOTE=day_for_night;596432]gasoline is not oil. gasoline costs includes refining, transportation costs, downstream markup, taxes, etc.
here is an example of per barrel costs of some commonly purchased consumer items. this is a bit stale (about a year old), from when oil was at $60 a barrel.
Costs per barrel oil = $60 gasoline = $105 Cocacola = $134 Milk = $191 Evian Water = $410 Starbucks cafe latte = $890 Paint = $940 Beer = $960 Olive Oil = $1481 Red Wine = $3650 Johnny Walker Red Label = $4480 Johnny Walker Black Label = $6480 Johnny Walker Blue Label = $35200 Chanel #5 = $2,000,000
If that doesn't put it into perspective, especially when you consider the upfront costs that oil companies incur to find new reserves (2D & 3D seismic, drilling, labour, rig rental, etc etc etc), of how truely cheap a barrel of oil is I don't know what will.
Even with oil at $120 a barrel, its still cheaper than a barrel of cocacola![/QUOTE]
Uh, I'm not quibbling with the figures here, but if what you're suggesting is true, why is it that we never hear about olive oil or paint barons pulling in billions of dollars in [B]profit [/B]a [I]month[/I]? I have a feeling this isn't really a fair way to assess the FMV of oil.
Re: u.s. oil consumption
^^ftr, "FMV" probably isn't the right measure to use there, but I'm not an economist, so I'm just going to trust that you all know what I mean here...
Re: u.s. oil consumption
[quote=toasty;596436]Uh, I'm not quibbling with the figures here, but if what you're suggesting is true, why is it that we never hear about olive oil or paint barons pulling in billions of dollars in [B]profit [/B]a [I]month[/I]? I have a feeling this isn't really a fair way to assess the FMV of oil.[/quote]
because the world uses 88 million barrels of oil a day, and nowhere near that much olive oil. what would you suggest is a fair way to value oil if not wholesale market price?
Re: u.s. oil consumption
[quote=Miroslav;596434]^^^ I assume your comparison data is based on proportional manipulation of consumer prices as opposed to actual fully-loaded COGS or something like that....[/quote]
its what it would cost you to buy it on the open market, not COGS.
Re: u.s. oil consumption
[quote=toasty;596436]Uh, I'm not quibbling with the figures here, but if what you're suggesting is true, why is it that we never hear about olive oil or paint barons pulling in billions of dollars in [B]profit [/B]a [I]month[/I]? I have a feeling this isn't really a fair way to assess the FMV of oil.[/quote]
Well, it has some "apples and oranges" issues. I think it is comparing the market price of a [I]manufacturing input/intermediate good[/I] with market prices of final [I]consumer goods[/I]. It is not a consistent way to measure it from a typical end consumer's point of view.
Furthermore, I think there is a more fundamental qualitative mismatch in just comparing oil and spring water in terms of financials: the first is essentially a [I]basic necessity,[/I] while the second is a [I]luxury/vanity purchase.[/I] They are just different animals in most peoples' eyes for obvious reasons.. Most consumers - and particularly the lower part of the income distribution - are going to get a lot more riled up about rapid inflation of an unavoidable necessity than of Chanel No.5, fancy red wine, or a Starbucks latte.
Re: u.s. oil consumption
[QUOTE=day_for_night;596449]because the world uses 88 million barrels of oil a day, and nowhere near that much olive oil. what would you suggest is a fair way to value oil if not wholesale market price?[/QUOTE]
Look, as I said, I'm no economist -- but I do know that we shouldn't start high-fiving people as we pay ever-increasing prices for gas at the pump on account of Johnny Walker Blue costing $35200 a barrel. "Thank goodness my car doesn't run on Johnny Walker Blue" is not a sentence I've ever used before and the reason is simple -- it's an absurd and overly simplistic way of analyzing the issue. For one thing, oil is a raw commodity traded in commodities markets, whereas Johnny Walker Blue is a delicious scotch whiskey that you have to ask the liquor store clerk to get out of a locked glass case.
Oil companies have costs associated with the production of their product at the front end, back end, and everywhere in between. This is a feature they share with probably every industry on the planet -- I'm not going to give them a pass because they have operational costs.
Re: u.s. oil consumption
[quote=Miroslav;596454]Well, it has some "apples and oranges" issues. I think it is comparing the market price of a [I]manufacturing input/intermediate good[/I] with market prices of final [I]consumer goods[/I]. It is not a consistent way to measure it from a typical end consumer's point of view.
Furthermore, I think there is a more fundamental qualitative mismatch in just comparing oil and spring water in terms of financials: the first is essentially a [I]basic necessity,[/I] while the second is a [I]luxury/vanity purchase.[/I] They are just different animals in most peoples' eyes for obvious reasons.. Most consumers - and particularly the lower part of the income distribution - are going to get a lot more riled up about rapid inflation of an unavoidable necessity than of Chanel No.5, fancy red wine, or a Starbucks latte.[/quote]
of course one is a necessity and one isn't, my point wasn't to imply they are treated equally in the eyes of the consumer...it was just to highlight that, given all that goes into finding and transporting a barrel of oil, it is still remarkably cheap relative to things we would assume to be less expensive than oil. this is by no means an exhaustive comparison, just something to think about when we see the price of oil doubling in a year.
Re: u.s. oil consumption
[quote=toasty;596456]Oil companies have costs associated with the production of their product at the front end, back end, and everywhere in between. This is a feature they share with probably every industry on the planet -- I'm not going to give them a pass because they have operational costs.[/quote]
yes, but the amount of technical expertise and money that goes into finding oil is mindblowing! people think that nasa and the space program are technically advanced, yet some of the most cutting edge science done on the planet to day has to do with finding oil. it is much more difficult to drill the deepest well on record than it is to put something in orbit. i don't think most people appreciate the technological complexity of some of the more 'unconventional' projects being progressed in the oil and gas world today.
and the other thing to discuss...yes oil companies are making killer profits right now. it happens with commodities...boom and bust. in 1999 the price of oil was $10 a barrel. industry was laying people off by the tens of thousands. there wasn't a whole lot of sympathy for the industry then, so i find the scorn people are directing towards industry now to be a bit misdirected.
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Starbuck's is ass juice and NOT the good kind. GTFO
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[quote=day_for_night;596470] and the other thing to discuss...yes oil companies are making killer profits right now. it happens with commodities...boom and bust. in 1999 the price of oil was $10 a barrel. industry was laying people off by the tens of thousands. there wasn't a whole lot of sympathy for the industry then, so i find the scorn people are directing towards industry now to be a bit misdirected.[/quote]
Valid point. It just goes to show how much the world is pushed and pulled by mass social mood.
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^ Listens to Avril Lavigne.
Re: u.s. oil consumption
[quote=beanzncheez;597876]^ Listens to Avril Lavigne.[/quote]
Loving every moment too. 8)