Oil Production vs. Oil Consumption
1. Record:
Oil Production:
According to Index Mundi, Sierra Leone does not produce crude oil.
Oil Consumption:
As of 2013, Sierra Leone consumed 9.54 thousand barrels per day. (Index Mundi)
2. Summarize: Write a short paragraph explaining the information you discovered and conclusions you can draw. How does this information help you develop a sense of place for the country -- living conditions, social development, use of land or other resources, etc.?
If a country produces and then exports oil it is usally good for the economy of that country because oil is such a lucrative industry. Sierra Leone does not produce and crude oil and therefore it cannot make any crude oil exports. According to Index Mundi, as of 2013, Sierra Leone consumed 9.54 thousand barrels per day of crude oil. This low quantity of oil that is consumed indicates that it is still a developing country because most developed countries consume billions of barrels per day. One can conclude that it is a mostly rural country because it does not require a large quantity of oil to funciton. Since the country does not have any oil resources, it must rely on other resources to promote its economy and function smoothly. Sierra Leone must also rely on other countries to provide the oil that it does need.
3. Contemplate:
What questions does the information raise in your mind. Write down two questions you have based on what you have discovered.
1) What percentage of the country is rural?
2) How does Sierra Leone afford to import so many resources if it is so poor?
1. Record:
Oil Production:
According to Index Mundi, Sierra Leone does not produce crude oil.
Oil Consumption:
As of 2013, Sierra Leone consumed 9.54 thousand barrels per day. (Index Mundi)
2. Summarize: Write a short paragraph explaining the information you discovered and conclusions you can draw. How does this information help you develop a sense of place for the country -- living conditions, social development, use of land or other resources, etc.?
If a country produces and then exports oil it is usally good for the economy of that country because oil is such a lucrative industry. Sierra Leone does not produce and crude oil and therefore it cannot make any crude oil exports. According to Index Mundi, as of 2013, Sierra Leone consumed 9.54 thousand barrels per day of crude oil. This low quantity of oil that is consumed indicates that it is still a developing country because most developed countries consume billions of barrels per day. One can conclude that it is a mostly rural country because it does not require a large quantity of oil to funciton. Since the country does not have any oil resources, it must rely on other resources to promote its economy and function smoothly. Sierra Leone must also rely on other countries to provide the oil that it does need.
3. Contemplate:
What questions does the information raise in your mind. Write down two questions you have based on what you have discovered.
1) What percentage of the country is rural?
2) How does Sierra Leone afford to import so many resources if it is so poor?
Sierra Leone Economy
1) Sierra Leone produces rice, coffee, cocoa, palm kernels, palm oil, and peanuts. It also relies on mining diamonds, iron ore, rutile, and bauxite. There is some manufacturing of things like textiles, cigarettes, and footwear.
2) These items are produced agriculturally and industrially. Sierra Leone relies on foreign assistance for budgetary expenses.
3) Sierra Leone citizens will use these products the most because the country does not do large scale exporting.
4) Some of these resources are exported such as diamonds, rutile, and bauxite. The exports of goods and services accounts for 9.7 percent of the GDP.
Sierra Leone. (n.d.). Retrieved April 3, 2015, from https://www.cia.gov/library/publications/the-world-factbook/geos/sl.html
1) Sierra Leone produces rice, coffee, cocoa, palm kernels, palm oil, and peanuts. It also relies on mining diamonds, iron ore, rutile, and bauxite. There is some manufacturing of things like textiles, cigarettes, and footwear.
2) These items are produced agriculturally and industrially. Sierra Leone relies on foreign assistance for budgetary expenses.
3) Sierra Leone citizens will use these products the most because the country does not do large scale exporting.
4) Some of these resources are exported such as diamonds, rutile, and bauxite. The exports of goods and services accounts for 9.7 percent of the GDP.
Sierra Leone. (n.d.). Retrieved April 3, 2015, from https://www.cia.gov/library/publications/the-world-factbook/geos/sl.html