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The Wheat-Oil Exchange Rate, 1950–2000

   
Year
Bushel of Wheat Barrel of Oil Bushels Per Barrel
 
(U.S. dollars)* (ratio)
1950
1.89 1.71 1
1951
2.03 1.71 1
1952
1.93 1.71 1
1953
1.89 1.93 1
1954
1.98 1.93 1
1955
1.81 1.93 1
1956
1.84 1.93 1
1957
1.79 2.02 1
1958
1.62 2.08 1
1959
1.58 1.92 1
1960
1.58 1.50 1
1961
1.60 1.45 1
1962
1.75 1.42 1
1963
1.76 1.40 1
1964
1.84 1.33 1
1965
1.62 1.33 1
1966
1.71 1.33 1
1967
1.79 1.33 1
1968
1.71 1.30 1
1969
1.59 1.28 1
1970
1.49 1.30 1
1971
1.68 1.65 1
1972
1.90 1.90 1
1973
3.81 2.70 1
1974
4.89  9.76 2
1975
4.06 10.72 3
1976
3.62 11.51 3
1977
2.81 12.40 4
1978
3.48 12.70 4
1979
4.36 17.26 4
1980
4.70 28.67 6
1981
4.76 32.50 7
1982
4.36 33.47 8
1983
4.28 29.31 7
1984
4.15 28.25 7
1985
3.70 26.98 7
1986
3.13 13.82 4
1987
3.07 17.79 6
1988
3.95 14.15 4
1989
4.61 17.19 4
1990
3.69 22.05 6
1991
3.50 18.30 5
1992
4.11 18.22 4
1993
3.82 16.13 4
1994
4.08 15.47 4
1995
4.82 17.20 4
1996
5.64 20.37 4
1997
4.35 19.27 4
1998
3.43 13.07 4
1999
3.05 17.98 6
2000 (est.)
2.94 29.34 10


Source: International Monetary Fund, International Financial Statistics, various years.
* Prices in current year dollars.  
     

 


 

Trends in Energy Use, By Source, 1990–99  
Energy Source 
Annual Rate of Growth (percent)
Wind power
+24.2
Solar photovoltaics
+17.3
Geothermal power
+4.3
Natural gas
+1.9
Hydroelectric power
+1.8
Oil
+0.8
Nuclear power
+0.5
Coal
-0.5

Compiled by Worldwatch Institute from: UN, DOE, BP, EC, Eurogas,  PlanEcon, IMF, LBL, IAEA, EWEA, AWEA, FGW, Jose Santamarta, and  Renewable Energy Report, Paul Maycock, and PV News. For further information see Worldwatch publication Vital Signs 2000.  

 


 

U.S. Oil Balance , 1989–1999
Year 
U.S. Oil Production
(thousand barrels daily)
U.S. Oil Imports
(thousand barrels daily)
U.S. Oil Consumption*
(thousand barrels daily)
Production as a Share of Consumption
(percent)
1989 8625 8019 16665 51.8
1990 8376 8026 16305 51.4
1991 8503 7791 16000 53.1
1992 8304 7888 16260 51.1
1993 7983 8620 16470 48.5
1994 7792 8929 16950 46.0
1995 7712 8831 16950 45.5
1996 7681 9400 17470 44.0
1997 7639 9907 17770 43.0
1998 7402 10382 18030 41.1
1999 7123 10555 18490 38.5

*Note: Differences between consumption figures and the production and import statistics are accounted for by stock changes, consumption of non-petroleum additives and substitute fuels, and unavoidable disparities in the definition, measurement or conversion of oil supply and demand data.    

Source: BP Amoco, Statistical Review of World Energy (London: Group Media & Publications, June 2000).     

 

 

 

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