How much oil does Libya produce by percentage?

Cj: How much oil does Libya produce by percentage?
How much oil does Libya produce by percentage compared to the rest of the rest of the world?

Answers and Views:

Answer by Atomic Duck
No clue, but the rise of gas prices here in the US is ridiculous since our largest supplier of foreign oil is an even more stable country than we are – Canada.

Answer by O O
I heard on a news site they have 2% of the worlds oil reserves (alot!) and produce 1.8 million barrels per day. It’s a popular oil shop for europe due to cheap cost at about $ 1 per barrel.

Answer by KlemKiddleHopper
Libya contributes 4% of the total oil exported from the middle east

Answer by John
10%

Answer by Alex R
According to the CIA world factbook 2009 stats, Libya produces 1,790,000 bbl /day (barrels per day) making Libya the #18 oil producing country in the world. This is 2.49% of the 71,959,000 bbl/day of oil produced by the top 20 oil producing countries and 2.05% of the 87,125,145 bbl/day of oil produced by the top 100 oil producing countries.

Answer by Newlywed!
Libya only produces a small amount of the world’s oil. The reason it has such a big impact though it because they supply crude oil, when it a really good oil. Not all oil is the same. So even though it doesn’t seem like it should have a big impact on the US, it does because we get more crude oil than other kinds of oil because it’s higher quality.