Chart of Australian Oil Consumption and Production

Phil at TOD ANZ has a chart showing Australia's widening oil import gap - Chart of Australian Oil Consumption and Production.

This graph of Australian oil consumption and production is based on the BP Statistical Review of World Energy June 2011. I prepared it for a local government workshop later this week and thought I'd post it here for others to use.

Australia is one of very few OECD countries where oil consumption is still rising in this high oil price environment, albeit slowly. You can thank the resource economy for that (and the related strength of the Australian dollar).