The charts compare the quantity of oil resources to its consumption in different areas of the world.
The first chart provides the data of owning oil resources by various areas.
According to the information from the chart the riches resources of oil belong to Middle East and Canada (at 65.2 % and 14.8 % respectively).
Some areas such as Central and South America, Eastern Europe and Africa have middle percentage of oil resources from 6.38 to 8.12 %.
The third group of areas including Asia, Western Europe, Australia and New Zealand have the lowest percentage of oil resources which doesn`t exceed 3 % of world reserve.
The second chart illustrates the consumption of oil resources in these areas which can be divided into 3 groups.
The first group of areas with high rates of oil consumption includes Asia, United States and Western Europe which consume approximately 20-25 % of world oil resources annually.
The second group includes Middle East, Eastern Europe, Central and South America and their annual rates of oil consumption is about 6.5 %.
The percentage of annual oil consumption in the third group which includes Canada, Africa, Australia and New Zealand and other areas is almost 2 times lower than in the second group and doesn`t exceed 3.5 %.
To sum up, some areas such as Asia, United Stated and Western Europe have the highest percentage of oil consumption despite of their low rates of oil resources.
Hence, these areas rely on the oil imported from other counties.
Middle East and Canada with their reserve of oil have a possibility to export resources to other countries.
The rest areas can supply their oil needs by themselves or import oil in order to keep it for next generations.
February 2014
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