Buy custom The market for oil and gasoline
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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1764 |
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OPEC's percentage of total world oil production along with the United States' percentage of total world oil production has decreased. OPEC went from in 1970 having 48.1 % of the worlds total oil production to having just 23.8 % in the projected value for 2002. The United States had 37.6 % of the world's total oil production in 1970 and just 11...
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The United States had 37.6 % of the world's total oil production in 1970 and just 11.8 % as the projected value for 2002.
Due to technological advancements and a lucrative government, the US uses much more oil than the average country. From 1970 to 2002, the US alone constituted of about 23 percent of annual world oil demand...
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