United States Annual Oil Supply (1946–2007)
During World War II the United States was self-sufficient in terms of oil – producing almost 1.8 billion barrels per year. U.S. production rose to an all-time high of approximately 3.4 billion barrels per year in 1972. Thereafter, the decline in U.S. production began, and we are now back to approximately the 1946-level of oil production when the population of the United States was 141 million. Today, the U.S. population exceeds 304 million.
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