Energy Facts
Below are facts about Indiana's energy usage, Canadian oil sands and the value of oil and natural gas:
- Indiana ranks 10th in the nation in energy consumption, using over 150 million barrels of oil and half a billion cubic feet of natural gas per year.
- Canada possesses approximately 175 billion barrels of oil that can be recovered with today’s technology. Of that number, 170 billion barrels of oil are located in Canada's oil sands (Canadian Association of Petroleum Producers - CAPP.
- By 2025, production from Canadian oil sands could rise from about 1.4 million barrels per day in 2010 to approximately 3.5 million barrels per day (Canadian Association of Petroleum Producers - CAPP.
- Canada is our biggest supplier of imported oil and natural gas providing 21 percent of the total (US Department of Energy - DOE).
- In 2009, Canada shipped one million more barrels paper day of crude oil and refined products to the United States than did our second largest supplier of imported oil.
- 80 percent of Canada’s estimated oil sands deposits are too deep below the surface to use open pit mining. The second method, in situ, can reach these deeper deposits (US Department of Energy - DOE.
- Canadian oil sands development is expected to lead to the creation of more than 342,000 new American jobs between 2011 and 2015 and add an estimated $34 billion to our country's gross domestic product by 2015.
- Oil sands account for 5 percent of Canada’s greenhouse gas (GHG) emissions and 0.1 percent (1/1000th) of global GHG emissions.
- Since 1990, GHG emissions associated with every barrel of oil sands crude produced have been reduced by 39 percent.
- The average American. citizen uses about 2 barrels of oil every month.America’s oil and natural gas industry supports 9.2 million jobs throughout the economy and 7.5 percent of GDP.
- The national average annual salary for oil and gas exploration and production is $96,844 or about $47 per hour – more than double the average annual salary of all occupations.
- America produces 5.4 million barrels of crude oil per day, 164 million barrels, per month, and almost 2 billion barrels per year.
- The United States produces 72 billion cubic feet (bcf) of natural gas a day, 2,200bcf per month and 26,000bcf per year.
- The United States is estimated to have enough natural gas to meet 100 percent of current domestic demand for at least 90 years.
- World petroleum consumption is almost 84 million barrels/day.
- In 2009, 41 percent of total U.S. energy consumption was used in residential and commercial buildings, 30 percent in industrial activities and 29 percent in transportation.
- The top five producing countries in the world are:
- Oil: Saudi Arabia, Russia, United States, Iran and China.
- Gas: United States, Russia, Canada, Algeria and Iran. - The top five consuming countries in the world are:
- Oil: United States, China, Japan, India, and Russia.
- Gas: United States, Russia, Iran, Japan, and the UK. - The United States imported about 51% of the petroleum that we consumed during 2009, which includes crude oil and refined petroleum products.
- The United States imports oil from all over the world, not just one region. The top five imports come from:
- Canada (2.1 million barrels per day),
- Mexico (1.2 million barrels per day),
- Nigeria (1.1 million barrels per day),
- Saudi Arabia (1.0 million barrels per day),
- Venezuela (1.0 million barrels per day). - Over the last five years, earnings for the oil and natural gas industry have been in line with U.S. manufacturing – averaging just 7 cents for every dollar of sales.
- Since 2000, the oil and natural gas industry has invested $1.7 trillion in U.S. capital projects to advance all forms of energy, including alternatives, while reducing the industry’s environmental footprint.
- Between 2000 and 2008, the industry invested more than $58 billion in new low and zero carbon emissions technologies.
