Tuesday, April 17, 2007

Energy Myths

The Manhattan Institute has released the results of a poll conducted on 1,000 Americans regarding facts about energy and American consumption thereof.

Some highlights:

  • As of February, 68% of Americans believe that the majority of US energy comes from oil. This is up from 63.2% in September 2006. In reality, oil accounts for 40% of US energy, mostly in the trnasportation sector of energy consumption, though it also accounts for a healthy portion of heat generation.

  • 54.6% of Americans think tha Saudi Arabia supplies most of the oil the US consumes. In reality, most of the oil the US consumes comes from the Americas, with the highest exporter or oil to the US being . . . (wait for it) . . . Canada. Here's the breakdown:

    RankCountryBarrels per day% of imports% of total consumption
    1 Canada 2,181,000 15.9 10.5
    2 Mexico 1,662,000 12.1 8.0
    3 Saudi Arabia 1,537,000 11.2 7.4
    4 Venezuela 1,529,000 11.1 7.4
    5 Nigeria 1,166,000 8.5 5.6
    6 Iraq 531,000 3.9 2.6
    7 Algeria 478,000 3.5 2.3
    8 Angola 473,000 3.4 2.3
    9 Russia 410,000 3.0 2.0
    10 United Kingdom 396,000 2.9 2.0
    11 Virgin Islands 328,000 2.4 1.6
    12 Ecuador 283,000 2.1 1.4
    13 Kuwait 243,000 1.8 1.2
    14 Norway 233,000 1.7 1.1
    15 Colombia 196,000 1.4 1.0



    SourceBarrels per day% of imports% of total consumption
    Persian Gulf nations 2,334,000 17.0 11.2
    OPEC nations 5,587,000 40.7 26.9
    Non-OPEC nations 8,127,000 59.3 39.1
    Western Hemisphere nations 6,779,000 49.4 32.6
    Western Hemisphere incl U.S. 13,867,000 n/a 66.7


The whole report is interesting and is easy to skim.

HT: Reason Hit and Run

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