Transcript National Security Consequences of U.S. Oil Dependency

National Security
Consequences of U.S.
Oil Dependency
Independent Task Force Report
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Figure 1: U.S. Primary Energy Consumption by
Source, 2005
45
40
40
35
Quadrillion Btu
30
25
23
23
20
15
10
8
5
3
3
1
0
Petroleum
Coal
Natural Gas
Nuclear
Electric Power
Biomass
Hydro-electric
Power
Geothermal,
Solar, Wind
Source: EIA Annual Energy Review 2005.
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Figure 2: U.S. Consumption, Production, and
Imports of Oil, 1949–2005
25
Million Barrels per Day
20
Consumption
15
Production
10
5
Net Imports
0
1949
1954
1959
1964
1969
1974
1979
1984
1989
1994
1999
2004
Source: EIA Annual Energy Review 2005.
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Figure 3: Nominal and Real Refiner Acquisition
Costs (RAC)* of Crude Oil
70
60
Dollars per Barrel
50
40
Real Price
(2000 Dollars)
30
20
Nominal Price
10
20
04
20
02
20
00
19
98
19
96
19
94
19
92
19
90
19
88
19
86
19
84
19
82
19
80
19
78
19
76
19
74
19
72
19
70
19
68
0
Source: EIA Annual Energy Review 2005.
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Figure 4: Annual Growth in World Oil Demand
2.5
Rest of World
United States
China
Million Barrels per Day
2.0
1.5
1.0
0.5
0.0
1981-1990
1991-1999
2000
2001
2002
2003
2004
2005
2006
2007
-0.5
Source: EIA Term Energy Outlook, February 2006 (1981–90 and 1991–99 are annual averages).
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Table 1: World Proved Oil Reserves by Country
as of January 1, 2006 (billion barrels)
Country
Saudi Arabia
Canada
Iran
Iraq
Kuwait
United Arab Emirates
Venezuela
Russia
Libya
Nigeria
United States
China
Qatar
Mexico
Algeria
Brazil
Kazakhstan
Norway
Azerbaijan
India
Rest of World
World Total
Oil Reserves
264.3
178.8
132.5
115.0
101.5
97.8
79.7
60.0
39.1
35.9
21.4
18.3
15.2
12.9
11.4
11.2
9.0
7.7
7.0
5.8
68.1
1,292.5
Source: “Worldwide Look at Reserves and Production,” Oil & Gas Journal 103: 47 (December 19, 2005), pp. 24–25.
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Table 2: Top World Oil Producers, 2004*
Country
Total
Oil
Production**
(million barrels per day)
1)
Saudi Arabia
10.37
2)
Russia
9.27
3)
United States
8.69
4)
Iran
4.09
5)
Mexico
3.83
6)
China
3.62
7)
Norway
3.18
8)
Canada
3.14
9)
Venezuela
2.86
10)
United Arab Emirates
2.76
11)
Kuwait
2.51
12)
Nigeria
2.51
13)
United Kingdom
2.08
14)
Iraq
2.03
*Table includes all countries total oil production exceeding 2 million barrels per
day in 2004.
**Total oil production includes crude oil, natural gas liquids, condensate,
refinery gain, and other liquids.
Source: See http://www.eia.doe.gov/emeu/cabs/topworldtables1_2.html.
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Figure 5: North American Natural Gas
Consumption and Production, 1980–2005
45
40
35
Imports (LNG)
Trillion Cubic Feet per Year
Consumption
30
25
Production
20
15
10
5
0
1980
1985
1990
1995
2000
2005
2010
2015
2020
2025
Source: EIA Annual Energy Outlook 2005.
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Figure 6: Trends in Rising Chinese Oil Imports,
Prices, and Number of Political Oil Deals
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