Re:The rich world needs higher real wage growth
by oriol16 on Sunday July 01, 2018 @03:02PM
(#17436979)
US burns 20mbd and produces less than 10mbd. Are you sure imports are only 19%?
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Re:The rich world needs higher real wage growth
by TheCoelacanth on Sunday July 01, 2018 @07:03PM
(#17438192)
Where are you getting the 10 and 20 million barrels per day numbers? Those are roughly the crude oil production and total petroleum product consumption numbers given here[1], but those aren't measuring comparable things because there are products other than crude oil that go into the consumption number. The same source gives 14.2 million barrels per day as the total petroleum product production.
Re:The rich world needs higher real wage growth
by Animats on Sunday July 01, 2018 @03:48PM
(#17437209)
That's from [1], which seems bogus. I sent a query into EIA.
Re:The rich world needs higher real wage growth
by maxerickson on Sunday July 01, 2018 @03:56PM
(#17437242)
Numbers seem to come from https://www.eia.gov/dnav/pet/pet_sum_snd_d_nus_mbblpd_a_cur.... which includes natural gas, ethanol and exports.