Rising prices pushed a few more countries into the oil business. 125
countries were producing oil in 2010 vs 115 in 2009. With all new
players some countries gave up on their oil ambitions. Paraguay and
Mongolia do not produce any more oil, Panama gave up on it's 2 barrels a
day also, I guess governmental subsidies dried out. The newbies are
1) El Salvador with 15 640 barrels per day
2) Sri lanka with 637 barrels per day
3) Curasao , 531 barrels per day
4) Jamaica 506 barrels per day
5) Ireland, 431 barrels per day
6)Dominican republic, 392 barrels per day
7) Nicaragua , 377 barrels per day
8) Costa-Rica , 263 barrels per day
9) Kenya, 136 barrels per day
10) Macedonia , 116 barrels per day
11) Jordan, 88 barrels per day
12) Senegal, 65 barrels per day
13) Bosnia and Herzegovina , 59 barrels per day
Top ten oil producing countries averaged 53 182 000 barrels per day in 2010 which is by 1.925 mln barrels more than top ten did in 2009, however the next ten produced only 3000 barrels more than their pars in 2009;
top 20 ( 2010 ) 72.735 mln barrels per day VS 70.807 mln barrels in 2009
The following third, fourth and fifth tens produced a little bit less than they did in 2009 , the grand total for top-50 is 85 208.9 ( 2010 ) VS 83 325.5 (2009) or 1.8834 million barrels per day more.
grand total for 2010 -- 86 657. 989 barrels per day and for 2009-- 84 764. 555 barrels per day
So basically the world in 2010 produced more than 691 million barrels of oil on top of it's 2009 production, and average availability of oil went up to 4.565 barrels per year per resident ( increase by about 8.78 liters, or 2.32 US gallons, despite of global population growth by about 75-76 million )
Despite of the increased production, in 2010 humanity spent around 2.4 trillion dollars on crude oil, or about 600 billion dollars more than it did in 2009.
However more than 438 million barrels, or almost 63.5% of an entire world's surplus, went to satisfy China's need for energy , which in 2010 totaled a whopping 3.43 BILLION barrels of oil.
India in it's turn took over 73 million barrels, or almost 11%, from this new bonanza, and Saudi Arabia experienced similar growth in consumption. Indonesia also took in about 64.6 million barrels more than it did in 2009. So just between these 4 countries , their increase of consumption would require over 96.5% of all surplus for 2010. Fortunately for everybody ( or almost everybody ) many countries decreased their oil consumption, for example Russia consumed 541 000 barrels per day less in 2010 ( what's up with that, by the way, probably a miscalculation, Thailand for example is also said to increase it's oil consumption by 277 % in one year ).
39 exporters were selling their surplus to the rest of the world, with Bolivia becoming a new exporter even though it produces barely 230 barrels a day more than it consumes. Bolivia became a net exporter in 2010 thanks to decreased consumption of oil within the country.
Tunisia, Bahrain and Suriname stopped being net exporters and became net importers in 2010.
Instead of offering to the world market 13 130 barrels of oil per day as they did in 2009 ( Bahrain 9560 , Tunisia 2380, and Suriname 1190 ) they now have to find funds to buy 570 barrels per day ( Bahrain ) , 280 barrels per day ( Tunisia ) and 540 barrels per day ( Suriname ).
Simplistically saying, instead of getting $40 mln per month they now have a well over a $ 4 mln bill. Not really a big deal, not yet, though it might be already for Suriname since their entire budget revenue is less than 68.9 million dollars per month and the oil exports used to bring more than $3.5 million per month into the country..
Main source of data : www.cia.gov ;
Please remember that cia's data differs , sometimes significantly, for reasons unknown to me from the data of U. S Energy Information Administration at eia.gov .
List of all articles at Ironrye's in alphabetical order
http://ironrye.blogspot.com/2011/10/list-of-all-articles-at-iron-rye.html
1) El Salvador with 15 640 barrels per day
2) Sri lanka with 637 barrels per day
3) Curasao , 531 barrels per day
4) Jamaica 506 barrels per day
5) Ireland, 431 barrels per day
6)Dominican republic, 392 barrels per day
7) Nicaragua , 377 barrels per day
8) Costa-Rica , 263 barrels per day
9) Kenya, 136 barrels per day
10) Macedonia , 116 barrels per day
11) Jordan, 88 barrels per day
12) Senegal, 65 barrels per day
13) Bosnia and Herzegovina , 59 barrels per day
Top ten oil producing countries averaged 53 182 000 barrels per day in 2010 which is by 1.925 mln barrels more than top ten did in 2009, however the next ten produced only 3000 barrels more than their pars in 2009;
top 20 ( 2010 ) 72.735 mln barrels per day VS 70.807 mln barrels in 2009
The following third, fourth and fifth tens produced a little bit less than they did in 2009 , the grand total for top-50 is 85 208.9 ( 2010 ) VS 83 325.5 (2009) or 1.8834 million barrels per day more.
grand total for 2010 -- 86 657. 989 barrels per day and for 2009-- 84 764. 555 barrels per day
So basically the world in 2010 produced more than 691 million barrels of oil on top of it's 2009 production, and average availability of oil went up to 4.565 barrels per year per resident ( increase by about 8.78 liters, or 2.32 US gallons, despite of global population growth by about 75-76 million )
Despite of the increased production, in 2010 humanity spent around 2.4 trillion dollars on crude oil, or about 600 billion dollars more than it did in 2009.
However more than 438 million barrels, or almost 63.5% of an entire world's surplus, went to satisfy China's need for energy , which in 2010 totaled a whopping 3.43 BILLION barrels of oil.
India in it's turn took over 73 million barrels, or almost 11%, from this new bonanza, and Saudi Arabia experienced similar growth in consumption. Indonesia also took in about 64.6 million barrels more than it did in 2009. So just between these 4 countries , their increase of consumption would require over 96.5% of all surplus for 2010. Fortunately for everybody ( or almost everybody ) many countries decreased their oil consumption, for example Russia consumed 541 000 barrels per day less in 2010 ( what's up with that, by the way, probably a miscalculation, Thailand for example is also said to increase it's oil consumption by 277 % in one year ).
39 exporters were selling their surplus to the rest of the world, with Bolivia becoming a new exporter even though it produces barely 230 barrels a day more than it consumes. Bolivia became a net exporter in 2010 thanks to decreased consumption of oil within the country.
Tunisia, Bahrain and Suriname stopped being net exporters and became net importers in 2010.
Instead of offering to the world market 13 130 barrels of oil per day as they did in 2009 ( Bahrain 9560 , Tunisia 2380, and Suriname 1190 ) they now have to find funds to buy 570 barrels per day ( Bahrain ) , 280 barrels per day ( Tunisia ) and 540 barrels per day ( Suriname ).
Simplistically saying, instead of getting $40 mln per month they now have a well over a $ 4 mln bill. Not really a big deal, not yet, though it might be already for Suriname since their entire budget revenue is less than 68.9 million dollars per month and the oil exports used to bring more than $3.5 million per month into the country..
Main source of data : www.cia.gov ;
Please remember that cia's data differs , sometimes significantly, for reasons unknown to me from the data of U. S Energy Information Administration at eia.gov .
List of all articles at Ironrye's in alphabetical order
http://ironrye.blogspot.com/2011/10/list-of-all-articles-at-iron-rye.html
