Abstract
THE Petroleum Economics Division of the United States Bureau of Mines has recently published results of its annual statistical survey of the world crude petroleum production for 1932 (Mineral Market Reports No. 183). During this year the total amount produced was 1,305 million barrels, representing a decrease of nearly 67 million barrels, or 5 per cent, of the total recorded for the previous year. The analysis of production by countries is interesting. For example, in 1930 the second largest producer was Venezuela, while in 1931 Russia came second on the list, the United States taking as hitherto prior place. In 1932 the production of Venezuela still further decreased, Russia again taking second place to the United States, the total output of which was 781 million barrels, or about 60 per cent of the world's total. Of the British Empire resources, Trinidad is tenth on the list with a production of 10 million barrels. British India was responsible for 8 million barrels; Sarawak for a little more than 2 million barrels; Egypt for 13/4 million barrels; Canada for 1 million barrels, a noteworthy decline. The output of oil from Persia showed an increase over the previous two years with a total of 49 million barrels, while that from Iraq remained much the same at a little less than 1 million barrels. It is probably safe to say that the general decrease in production for the year of some 67 million barrels is due rather to such measures of conservation as may have been satisfactorily adopted and also to general marketing conditions, rather than to any noteworthy decline in the actual natural resources of petroleum.
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World Oil Production. Nature 132, 344–345 (1933). https://doi.org/10.1038/132344d0
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DOI: https://doi.org/10.1038/132344d0