Based on report recently issued by the U.S. Energy Information Administration, the supply of crude oil for U.S. energy needs, from all sources, is anticipated to decline between 2009 and 2025. On a per capita basis this decline is rather large, 15.3%. This is because the population is projected to increase by 16.4% between 2009 and 2025 while the supply of crude oil is forecast to decline by 1.39%. Obviously, new sources of petroleum supply will be (are) in high demand, not to mention all other forms of energy.
Today’s market size is the daily supply in millions of barrels per day (mbpd) of crude oil in the United States, for 2009 and projected for 2025.
Geographic reference: United States
Year: 2009 and 2025
Market size: See our new site. It’s a mirror of this one with a bit more info.
Source: “Table C4. Liquid Fuel Supply and Disposition,” Annual Energy Outlook 2011, with Projections to 2035, page 175, April 2011.
Original Source: U.S. Department of Energy, Energy Information Administration