| Global Oil Consumption Report: What Countries Have Increased or Decreased Oil Usage Since 2009? Posted: 05 Dec 2014 11:01 AM PST Reader David Epperson sent in some interesting charts on global oil usage that he produced from U.S. Energy Information Administration (EIA) data. The data is through the end of 2013. David writes ... Hello Mish,
I was curious how much oil consumption had declined over the last few years, so I went to the EIA web site, downloaded the consumption data and produced the following charts.
The data represents the percentage change in oil consumption from 2009 to 2013, the latest year non-OECD data were available. This is an absolute percentage change, and not an annualized change. For instance, oil consumption in Spain was roughly 20% lower in 2013 than in 2009. This was about the same rate of decline seen in war-wracked Syria. Greece was down even more, close to 30%.
In order to make the data labels readable, I've had to separate the charts into three. One shows countries in the 1 million to 20 million b/d group. The next shows the 1 million – 4 million club (all large countries excluding the US, China and Japan), and the next shows the 100,000 to 1 million b/d club.
I've excluded the 141 countries in the EIA database whose consumption was less than 100,000 b/d, since these only account for about 3.5% of total global demand.
The sum for the entire world was a 6.5% increase from 2009-13.
Best regards,
David Large Users: 1-20 Million Barrels Per Day  click on any chart for sharper imageMedium Users: 1-4 Million Barrels Per Day (Above Minus US, China, Japan) Small Users: 100,00 to 1 Million Barrels Per Day  Observations - Usage in the US is up only 1% since 2009
- Usage in most European countries is down since 2009 (Germany, UK, Spain, Italy, France, Finland, Sweden, Denmark, Portugal, Czech Republic, Ireland, Hungary, Netherlands, Poland)
- China, Japan, India, Russia, Brazil, Saudi Arabia are the largest countries where oil usage is expanding
- From a Peak Oil aspect China and Japan are the most troubling
Total Petroleum Consumption (Thousand Barrels Per Day) | Country | 2009 | 2010 | 2011 | 2012 | 2013 | % ∆ 09-13 | Growth 09-13 | % Growth |
|---|
| China | 8,539.73 | 9,330.18 | 9,504.05 | 9,874.71 | 10,116.64 | 18.5% | 1,576.91 | 28.5% | | Saudi Arabia | 2,194.54 | 2,371.38 | 2,760.91 | 2,861.00 | 2,925.00 | 33.3% | 730.46 | 13.2% | | Brazil | 2,481.45 | 2,621.78 | 2,886.71 | 2,997.00 | 3,097.00 | 24.8% | 615.55 | 11.1% | | India | 3,112.74 | 3,255.39 | 3,280.98 | 3,450.00 | 3,509.00 | 12.7% | 396.26 | 7.2% | | Russia | 2,950.43 | 2,992.09 | 3,115.03 | 3,195.47 | 3,320.00 | 12.5% | 369.57 | 6.7% | | Indonesia | 1,405.89 | 1,465.50 | 1,571.30 | 1,610.00 | 1,660.00 | 18.1% | 254.11 | 4.6% | | Canada | 2,184.18 | 2,283.35 | 2,310.12 | 2,350.69 | 2,424.35 | 11.0% | 240.17 | 4.3% | | United States | 18,771.40 | 19,180.13 | 18,882.07 | 18,490.21 | 18,961.13 | 1.0% | 189.73 | 3.4% | | Argentina | 588.62 | 620.26 | 729.10 | 737.00 | 758.00 | 28.8% | 169.38 | 3.1% | | Japan | 4,362.79 | 4,429.24 | 4,442.45 | 4,694.76 | 4,530.82 | 3.9% | 168.03 | 3.0% |
BRICs and Saudi ArabiaGlobal oil consumption is up 6.5% from 2009-13. China alone accounts for 28.5% of that growth. The top 5 global oil-growth contributors (China, Saudi Arabia, Brazil, India, and Russia) account for 66.7% of global oil usage growth since 2009. BRIC (Brazil, Russia, India, and China) GDPs, especially China and India are highly unlikely to grow at projected rates, especially if global oil production does not keep up. Japan is also on a dangerous path. Abenomics would look far worse were it not for declining energy prices. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com |
| Nonfarm Payrolls +321K; Unemployment 5.8%; Employed +4,000 (Household Survey), Unemployment +115,000 Posted: 05 Dec 2014 08:26 AM PST Initial Reaction The payroll survey shows a net gain of 321,000 jobs vs. a Bloomberg consensus expectation of 230,000 jobs. September was revised up from 256,000 to 271,000. October was revised up from 214,000 to 243,000. The unemployment rate was steady although employment only rose by 4,000 in the household survey. Unemployment actually rose by 115,000. Swings in household survey employment and the labor force have been wild lately. Once again we are in a situation where the establishment survey and the household survey are at odds. Over time these fluctuations tend to smooth out. The question, as always, is "in which direction". BLS Jobs Statistics at a Glance - Nonfarm Payroll: +321,000 - Establishment Survey
- Employment: +4,000 - Household Survey
- Unemployment: +115,000 - Household Survey
- Involuntary Part-Time Work: -177,000 - Household Survey
- Voluntary Part-Time Work: +235,000 - Household Survey
- Baseline Unemployment Rate: +0.0 at 5.8% - Household Survey
- U-6 unemployment: -0.1 to 11.4% - Household Survey
- Civilian Non-institutional Population: +187,000
- Civilian Labor Force: +119,000 - Household Survey
- Not in Labor Force: +69,000 - Household Survey
- Participation Rate: +0.0 at 62.8 - Household Survey
November 2014 Employment Report Please consider the Bureau of Labor Statistics (BLS) November 2014 Employment Report. Total nonfarm payroll employment increased by 321,000 in November, and the unemployment rate was unchanged at 5.8 percent, the U.S. Bureau of Labor Statistics reported today. Job gains were widespread, led by growth in professional and business services, retail trade, health care, and manufacturing. Click on Any Chart in this Report to See a Sharper ImageUnemployment Rate - Seasonally Adjusted Nonfarm Employment January 2011 - November 2014 Nonfarm Employment Change from Previous Month by Job Type Hours and WagesAverage weekly hours of all private employees rose by 0.1 hours to 34.6 hours. For three consecutive months I said the exact same thing. Twice in a row, a correction now put the previous month at 34.5 hours. Average weekly hours of all private service-providing employees was flat at 33.4 hours. Average hourly earnings of production and non-supervisory private workers rose $0.04 to $20.74. Average hourly earnings of production and non-supervisory private service-providing employees also rose $0.04 to $20.53. For discussion of income distribution, please see What's "Really" Behind Gross Inequalities In Income Distribution?Birth Death ModelStarting January 2014, I dropped the Birth/Death Model charts from this report. For those who follow the numbers, I retain this caution: Do not subtract the reported Birth-Death number from the reported headline number. That approach is statistically invalid. Should anything interesting arise in the Birth/Death numbers, I will add the charts back. Table 15 BLS Alternate Measures of Unemployment click on chart for sharper imageTable A-15 is where one can find a better approximation of what the unemployment rate really is. Notice I said "better" approximation not to be confused with "good" approximation. The official unemployment rate is 5.8%. However, if you start counting all the people who want a job but gave up, all the people with part-time jobs that want a full-time job, all the people who dropped off the unemployment rolls because their unemployment benefits ran out, etc., you get a closer picture of what the unemployment rate is. That number is in the last row labeled U-6. U-6 is much higher at 11.4%. Both numbers would be way higher still, were it not for millions dropping out of the labor force over the past few years. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com |
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