Oil $500 - By Flavious J. Smith, Jr.

Meanwhile, our friends in Japan use around 1.8 billion barrels of oil per year, or nearly 4 million barrels per day...

As I said earlier, both countries have a high standard of living and industrialized economies. We make a lot of “stuff,” we drive a lot of cars, we watch a lot of TV, and we use a lot of air conditioning. So we use a lot of oil.

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