HW_2 - Source 1 Page 1 Oil Production Dataset Year MBBl...

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Unformatted text preview: Source 1 Page 1 Oil Production Dataset Year MBBl 1880 30 1890 77 1900 149 1905 215 1910 328 1915 432 1920 689 1925 1069 1930 1412 1935 1655 1940 2150 1945 2595 1950 3803 1955 5626 1960 7674 1962 8882 1964 10310 1966 12016 1968 14104 1970 16690 1972 18584 1974 20389 1976 20188 1978 21922 1980 21722 1982 19411 1984 19837 1986 20246 1988 21338 The data in the table is the world oil production measured in millions of barrels. In 2005, OPEC accounted for more than 40% of world oil production. Responding to low oil prices in early 2000, Mexico, Norway, Russia, and Oman joined OPEC in cutting production. This group of oil countries, referred to here as OPEC+, account for more than 60% of world oil production. Table 1.2 (million barrels per day) Total Persian Persian United U.S. Total OPEC non- Gulf Year States share share share OPEC share World 1960 7.04 33.5% 8.70 41.4% 12.25 58.3% 12.29 5.27 0.25 20.99 1961 7.18 32.0% 9.36 41.7% 13.09 5.65 25.2% 22.45 1962 7.33 30.1% 10.51 43.2% 13.84 6.19 25.4% 24.35 1963 7.54 28.9% 11.51 44.0% 14.62 6.82 26.1% 26.13 1964 7.61 27.0% 12.98 46.1% 15.20 7.61 27.0% 28.18 1965 7.80 25.7% 14.35 47.3% 19.83 65.4% 15.98 8.37 27.6% 30.33 1966 8.30 25.2% 15.77 47.8% 17.19 9.32 28.3% 32.96 1967 8.81 24.9% 16.85 47.6% 18.54 9.91 28.0% 35.39 1968 9.10 23.6% 18.79 48.6% 19.84 10.91 28.2% 38.63 1969 9.24 22.2% 20.91 50.1% 20.79 11.95 28.7% 41.70 1970 9.64 21.0% 23.30 50.8% 31.16 67.9% 22.59 13.39 29.2% 45.89 1971 9.46 19.5% 25.21 52.0% 23.31 15.77 32.5% 48.52 1972 9.44 18.5% 26.89 52.6% 24.25 17.54 34.3% 51.14 1973 9.21 16.5% 30.63 55.0% 25.05 20.67 37.1% 55.68 1974 8.77 15.7% 30.35 54.5% 25.37 21.28 38.2% 55.72 1975 8.37 15.8% 26.77 50.7% 37.56 71.1% 26.06 18.93 35.8% 52.83 1980 8.60 14.4% 26.61 44.6% 41.07 68.9% 32.99 17.96 30.1% 59.60 1985 8.97 16.6% 16.18 30.0% 31.81 58.9% 37.80 9.63 17.8% 53.98 1986 8.68 15.4% 18.28 32.5% 34.05 60.6% 37.95 11.70 20.8% 56.23 1987 8.35 14.7% 18.52 32.7% 34.72 61.3% 38.15 12.10 21.4% 56.67 1988 8.14 13.9% 20.32 34.6% 36.66 62.4% 38.42 13.46 22.9% 58.74 1989 7.61 12.7% 22.07 36.9% 38.50 64.3% 37.79 14.84 24.8% 59.86 1990 7.36 12.2% 23.20 38.3% 39.12 64.6% 37.37 15.28 25.2% 60.57 1991 7.42 12.3% 23.27 38.6% 38.53 64.0% 36.94 14.74 24.5% 60.21 1992 7.17 11.9% 24.40 40.5% 37.67 62.6% 35.81 15.97 26.5% 60.21 1993 6.85 11.4% 25.12 41.7% 37.65 62.5% 35.12 16.71 27.7% 60.24 1994 6.66 10.9% 25.51 41.8% 37.67 61.8% 35.48 16.96 27.8% 60.99 1995 6.56 10.5% 26.00 41.7% 38.24 61.4% 36.33 17.21 27.6% 62.33 1996 6.46 10.1% 26.46 41.5% 39.15 61.5% 37.25 17.37 27.3% 63.71 1997 6.45 9.8% 27.71 42.2% 40.69 61.9% 37.98 18.10 27.6% 65.69 1998 6.25 9.3% 28.77 43.0% 41.61 62.2% 38.15 19.34 28.9% 66.92 1999 5.88 8.9% 27.58 41.9% 40.50 61.5% 38.27 18.67 28.4% 65.85 2000 5.82 8.5% 29.26 42.8% 42.92 62.8% 39.08 19.89 29.1% 68.34 2001 5.80 8.5% 28.34 41.7% 42.45 62.5% 39.60 19.10 28.1% 67.94 2002 5.75 8.6% 26.37 39.5% 40.86 61.1% 40.47 17.79 26.6% 66.84 2003 5.68 8.2% 28.01 40.5% 43.14 62.3% 41.18 19.26 27.8% 69.19 2004 5.435....
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This note was uploaded on 04/17/2010 for the course CHE 213 taught by Professor Staff during the Winter '08 term at Oregon State.

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HW_2 - Source 1 Page 1 Oil Production Dataset Year MBBl...

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