Thursday, January 12, 2012

TOP OIL PRODUCING COUNTRIES


Its day 4 of the ongoing protests and the federal government remains adamant and hard headed amidst ongoing consultations and appeals by civil rights groups, labour unions, senators, house of assembly members, former heads of state and presidents.
An increase in fuel prices in Venezuela back in 1989 resulted into a week of deadly rioting by its citizens who believe its a national product and a birthright, and i quote   "There's more than enough gasoline. [President Hugo Chávez] is giving it away to the rest of the world, why raise the price here?"  same question applies to President Jonathan.
The Jonathan administration is a long way from imposing this inhumane and evil idea on Nigerians, as without the proper structures on ground the heavenly idea of subsidy removal/ s.u.r.e programme will and cannot work.
The table below says it all

COUNTRY

BARRELS PRODUCED PER DAY (MILLIONS)
EXPORTS PER DAY IN BARRELS (MILLIONS)

INTERNAL CONSUMPTION PER DAY
(BARRELS)
PRICE PER LITER (NAIRA)
POPULATION
GDP PER CAPITA (DOLLARS)
RUSSIA

10.13
7.3
2,937,000
135
142,914,136
15,900
SAUDI ARABIA

10.52
7.6
2,654,000
72
27,136,977
24,200
USA

9.6
1.9
19,150,000
122
312,837,000
47,200
IRAN

4.25
2.5
1,845,000
16
75,996,000
10,600
CHINA

4.27
0.4
9,189,000
179
6,987,200,000
7,600
CANADA

3.48
1.9
2,209,000
195
34,605,346
39,400
MEXICO

2.98
1.5
2,073,000
131
112,336,538
13,900
UAE

2.81
2.0
545,000
76
8,264,070
49,600
BRAZIL

2.74
0.6
2,654,000
255
192,376,496
10,800
KUWAIT

2.45
2.1
354,000
131
2,818,000
48,900
VENEZUELA

2.37
1.8
746,000
3
26,840,935
12,700
IRAQ

2.40
1.9
694,000
126
32,105,000
3,800
NORWAY

2.13
2.1
221,000
243
4,985,011
54,600
NIGERIA

2.45
2.1
279,000
65
162,471,000
2500

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