Oil consumption in Saudi Arabia is the highest in the world, despite the fact that the economy is not heavily industrialized. According to International Energy Agency (IEA), Saudi Arabia consumes about three million barrels a day or about one billion barrels each year.
If you divide that total by a population of 27 million people, oil consumption would amount to about (40) barrels per person each year, the highest per capita in the world. To put that in perspective, that rate is more than four times the rate of oil consumption in the United States, five times the rate of South Korea, and eight times the rate of consumption in Japan!
What is more alarming is that while industrialized countries’ usage has been falling, ours has been growing. In the United States, which used to be criticized for its oil guzzling ways, per capita oil consumption has fallen from (11) barrels a day in 2005 to less than (9.5) barrels a day, a decline of about 14 percent in five years. Japan’s usage has declined from (7) barrels to around (5) barrels during the past decade, a decline of 25 percent.
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