Input into refineries is consumption. Nobody except refineries buys crude.

Mike
MU-2


"Tom Sixkiller" wrote in message
...

"Mike Rapoport" wrote in message
ink.net...
So you don't have a source?


Hold on...

You keep using PRODUCTION while I'm talking about CONSUMPTION.

Mike
MU-2

"Tom Sixkiller" wrote in message
...

"Mike Rapoport" wrote in message
ink.net...
Are you sure about this data? I don't have data back to 1978 but
input
into
refineries has gone from 11.7 million barrels a day to 15.9 from
1982
through last week. I find it hard to believe that petroleum
consumption
dropped by 1/3 from 1978 to 1982
http://tonto.eia.doe.gov/oog/ftparea/wogirs/xls/psw10vwcr.xls'

Mike
MU-2

CONSUMED!

And remember the price skyrocketing from 1978...the lines around the
corner?

That's also when the Detroit battleships went a gleaming...


"Tom Sixkiller" wrote in message
...

"Peter Gottlieb" wrote in message
. net...
What I do know is that the heavy use of oil has had adverse
environmental
effects and has created dangerous instability in the Middle
East.
I
believe
that it would be in this country's best interests to somehow
decrease
reliance on foreign oil, and preferrably, reduce oil usage
overall.
I
do
not know the best way to accomplish those goals.

"Over time, thanks to technology, we've gotten much more efficient
in
the
way we use gasoline, oil, and energy of all kinds. In 1974 when
the
first
"oil crisis" hit, it took over 17 quadrillion BTUs of energy to
produce
$1
million of gross domestic product (measured in constant year-2000
dollars).
Today it takes less then 10 quadrillion BTUs.

One more statistic: in 1978 the US consumed over 18 million
barrels
of
oil
every day, when annual GDP was $5 trillion. Today we use only 10%
more
oil
every day than we did then, but GDP has more than doubled to
almost
$11
trillion."