The Bridgeport times and evening farmer., 1918-06-01
PETROLEUM
PRODUCTION
OF The WORLD

The increasing demand for petro-
leum and its products, both in the
United States and the world at large,
lends interest to a complication by
The National City Bank of New York
showing world production of petro-
leum and the share thereof by the
United States from the earliest date
Of that industry down to 1917. This
compilation shows that the United
States in 1917 produced 942,000,OO0
barrels of crude oil, against 100000
600 in 1915 210,OO0,00O in 1910, and
$4,000, 900 in 1900, and that this coun-
try now produces two-thirds of the
oil of the world. OF the worlds out
put of crude petroleum, the United
States supplied IS per cent. in 1916,
against "a per cent. in 1910; 43 per
cent. in 1900; so per cent. in 1890,
and 88 per cent. IN 1880. The world
production Of petroleum in 1916 is
stated at 1000, 900 bbls. of AZ gal
Ions each, against 427,000,000 bbls.
in 1915; 100000 in 1910; $4,000 -
900 in 1900; 100000 in 1890; 3d.
600, 900 in 1880; 5000, 900 in 1870, and
about a half million bbls. in 1860. The
world production OF 1917 is estimated
at about 500, 10000 bbls.
Our total production of petroleum N
1917 was larger than in any earlier
year, exceeding that Of 1916 by A.
900 900 bbls. The world production
in 1915 was larger than in any earlier
year. exceeding that of 1915 by 3d.
eco, 900 bbls. For 1917 there are no
complete figures of world production
owing to the absence of data on pro-
duction in Russia and Roumania N
that year. While presumably there
was a large TALBOT in production in
Russia in 1917, the fact that the
United States output increased about
4O,O0O,O00 bbls. and that of Mexico
increased 100000 may fake the
total world production of 1917 about
50O,00O,OO bbls.
The United States has been the
worlds largest producer of petroleum.
continuously since the development of
petroleum production, except in the
period 1898-1901, in which period
Russian production slightly exceeded
that of the United States, the product
of the United States in 1898 being
$4,000 900 bbls., Russia 62,000,0 900; in
1899 United States 100000 Russia
$4,000 900; in 1900 United States 81,
100000, Russia 76.O00,0 900; and in
1901, United States 100000 Russia
$4,000, 900. Beginning with 1902
however, the product of the United
States exceeded that Of Russia by g..
100000 bbls., and the excess Of oul
production over that of Russia, oul
chief competitor in the worlds OF
field, has rapidly Increased SO that il
1914 our own output was nearly foul
times as much as that of Russia, thu
1914 figures Of production being 70,
the United States 266, 900 900 bbIs
against 100000 bbls. produced b.
Russia. Russia's largest production il
any year was in 1901, 100000 bbls.
falling to $1,000, 900 in 1914, while Il
the case of the United States, the pro
duct of 1901 was So, 900, 900 bbls>, hav
ing advanced meantime to 266 900,
900 in 1914, 292,OO0,0OO in 1915, an
to 300, 900, 900 bbls. in 1916, and 342,
000,0 900 in 1917, the United States fig
ures for recent years being those o
marketed product"
Our share of the worlds petroleum
production was in 1860, 90 per cent
in 1870 81 per cent; in 1880, SS pc
cent. lin 1890 60 per cent; in 1900 4
per cent; in 1910 "a per cent; an
in 1915 66 per cent, these figures be
ing in very round terms.
The worlds principal mineral o
producers and their output in 1911
were United States with a product Q
300,000,0 900 bills; Russia $4,000, 200
Mexico 40,000,OO0; Roumania 10000
900; Dutch East Indies 5000, 900 an
India 5000 900 bbls
The principal production of tn
United States by states was in 1911
California 91,000,00O bbls; Oklahc
ma 107, 900, 900; Illinois $4,000, 0oC
Texas 100000; Louisiana $1,000
900; West Virginia 5000, 900; Obi
5000, 900, and Pennsylvania 5000
- bbls., the figures being in yer
Itlnd terms. The chief increase i
v 1917 occurred in the "Oklahoma-Kar
sas" district, which showed gain {
100000 bbls. out of the total gal
of $4,000, 900 bbls. in the United Stats
in 1917.
The United States despite the ia,
that she is by far the worlds large
Iproducer of petroleum, is becomir
of late a considerable importer, IL
quantity of crude petroleum impor
ed in the fiscal year 1915, being $50
100000 gallons; in 1916 ST. 100000
and in 1917, O79,o0O,O0O, a We
large proportion of this coming fro
Mexico and seeking a market in II
United States because of her superi
facilities for refining the crude pr
duct.