Opec says it is cutting back 2 million barrels per day to increase the price of gas. What percentage is that of normal production? Gas prices have gone up recently about .10 or .15 cents it seems.How many barrels of oil are produced daily?
2How many barrels of oil are produced daily?
The CIA world factbook estimates 2004 oil production at 83m barrels a day.
Another website[1] has figures of 86m bbl day for Oct 2007, with OPEC accounting for 37.5m of that.
2m barrels would be 2.3% of world, or 5.3% of OPEC production.
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