CRUDE WTI $113.05, "where are we headed...
Oil and who's burning it up?.
According to 2009 yearly average, the U.S. Crude Oil consumption is around 21 million barrels a day and US production is ONLY around 5 million. Dependency on oil appears to be unrelenting for the foreseeable future.
Yes that's a 2009 AVERAGE, we are well into 2011, i don't have the current figure but looking into that.
Samson's Oil is well and truly sold before its out the ground.
Rcrow1
US Oil consumption & Reserves
where are we headed? long term targets?, page-61
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