Chart: It's Impossible to Reduce Our Dependence on Foreign Oil with Domestic Drilling Chart: It's Impossible to Reduce Our Dependence on Foreign Oil with Domestic Drilling
Environment

Chart: It's Impossible to Reduce Our Dependence on Foreign Oil with Domestic Drilling

by Ben Jervey

March 30, 2011

As you can see, the United States has far and away the highest burn rate in the world, a rather disconcerting 15-plus percent, or a full 50 percent higher than Norway and Mexico, the second and third nations, respectively.

In a hearing in which Markey presented this chart, he laid out a few of the plain, inconvenient numbers that are tied together in this burn rate. The United States:

  • Has 2 percent of the world's oil reserves
  • Produces 11 percent of world's oil
  • Consumes 25 percent of the world's oil
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Chart: It's Impossible to Reduce Our Dependence on Foreign Oil with Domestic Drilling