Petroleum Economics - World Consumption of Petroleum and Related Fuels during 1939 (With Discussion)

World consumption of petroleum and related fuels for civil purposes in 1939 was close to 2,024,000,000 bbl., or approximately 110,000,000 bbl. more than in 1938, the United States accounting for 96,000,000 bbl. of the increased amount. With the annexation of Czechoslovakia and part of Poland, civil consurnption in Germany during 1939, notwithstanding sevre rationing in the last four months of the year, was 54,000,000 bbl., or only 1,600,000 bbl. less than in 1938, and domestic production of pctroleum and related fuels was some 34,000,000 bbl. short of civil consumption. The mounting petroleum requirements of the military forces of greater Germany are, of course, not included in these figures of civil consumption. To supply this deficiency Germany now must rely almost exclusively on the Rumanian fields, which in 1939 produced about 35,000,000 bbl in ewes, of the Rumanian civil consumption. However, these fields arc supplying and have supplied for years the oil requirements of the neighboring