Gross domestic product per barrel
Encyclopedia
Energy efficiency
as it relates to oil usage can be described by the gross domestic product
per barrel
(GDP per barrel) (GDP/barrel) of oil used . The original data for this is taken from two sources, the CIA World Fact Book and the List of countries by GDP (nominal) article from Wikipedia. It is also referred to as oil burden
.
are mere guesses (see notes), figures are from differing years, and that many do not reflect the use of oil consumed in the process of making refined products makes this list even less meaningful. Also, the calculation is performed using nominal GDP which does not take into account of purchasing power of different currencies.
Efficient energy use
Efficient energy use, sometimes simply called energy efficiency, is the goal of efforts to reduce the amount of energy required to provide products and services. For example, insulating a home allows a building to use less heating and cooling energy to achieve and maintain a comfortable temperature...
as it relates to oil usage can be described by the gross domestic product
Gross domestic product
Gross domestic product refers to the market value of all final goods and services produced within a country in a given period. GDP per capita is often considered an indicator of a country's standard of living....
per barrel
Barrel
A barrel or cask is a hollow cylindrical container, traditionally made of vertical wooden staves and bound by wooden or metal hoops. Traditionally, the barrel was a standard size of measure referring to a set capacity or weight of a given commodity. A small barrel is called a keg.For example, a...
(GDP per barrel) (GDP/barrel) of oil used . The original data for this is taken from two sources, the CIA World Fact Book and the List of countries by GDP (nominal) article from Wikipedia. It is also referred to as oil burden
Oil burden
Oil burden is the volume of petroleum consumed multiplied by the average price and divided by nominal gross domestic product.This gives the proportion of the world economy devoted to buying oil. It is a concept developed by Veronique Riches-Flores of Société Générale. It is also referred to as...
.
Criticism
First of all, this list is original research, though it consists of simple math, a casual user cannot verify rankings are accurate in a matter of a few minutes, and second of all, its usefulness is limited as it does not accurately reflect GDP energy or carbon intensity as oil is not the only significant hydrocarbon nor energy resource. The fact that many of the numbers from the CIACentral Intelligence Agency
The Central Intelligence Agency is a civilian intelligence agency of the United States government. It is an executive agency and reports directly to the Director of National Intelligence, responsible for providing national security intelligence assessment to senior United States policymakers...
are mere guesses (see notes), figures are from differing years, and that many do not reflect the use of oil consumed in the process of making refined products makes this list even less meaningful. Also, the calculation is performed using nominal GDP which does not take into account of purchasing power of different currencies.
Data
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