Definition of Domestic inland consumption

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TeachMeFinance.com - explain Domestic inland consumption



Domestic inland consumption

The term 'Domestic inland consumption' as it applies to the area of energy can be defined as ' Domestic inland consumption is the sum of all refined petroleum products supplied for domestic use (excludes international marine bunkers). Consumption is calculated by product by adding production, imports, crude oil burned directly, and refinery fuel and losses, and then subtracting exports and charges in primary stocks (net withdrawals is a plus quantity and net additions is a minus quantity)'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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