Fact #432: July 10, 2006
World Oil Reserves, Production, and Consumption, 2005
The United States was responsible for 8% of the world's petroleum production, held 2% of the world's crude oil reserves, and consumed 25% of the world's petroleum consumption in 2005. The Organization for Petroleum Exporting Countries (OPEC) held 70% of the world's crude oil reserves and produced 41% of world petroleum.
|Crude Oil Reserves (billion barrels)||Reserve Share||Petroleum Production (million barrels per day)||Petroleum Share||Petroleum Consumption (million barrels per day)||Consumption Share|
|Rest of World||363.5||28%||40.6%||50%||55.9||67%|