![]() ![]() consumed about 18.19 million barrels per day, which was the lowest annual consumption rate since 1995. ![]() In 2008 the United States consumed 19.5 million barrels (3,100,000 m 3) per day of petroleum products, of which 46 percent was gasoline, 20 percent diesel fuel and heating oil, and 10 percent liquefied petroleum gas. In 2014, petroleum and natural gas were the two largest sources of energy in the U.S., together providing 63 percent of the energy consumed (oil provided 35 percent and gas 28 percent). In April 2015, natural gas was produced at the rate of 79.4 billion cubic feet per day. Over the same time period, production of natural gas liquids increased 70%, from 1.74 million barrels per day in 2005 to 2.96 million barrels per day in 2014. Marketed natural gas production in 2014 was 74.7 billion cubic feet per day, a 44% increase over the rate of 51.9 billion cubic feet per day in 2005. US Natural gas production achieved new record highs for each year from 2011 through 2014. oil production was 2.5 times as high in 2019 as it was in 2008 (when it reached its lowest level since 1946). The oil industry extracted a record-high 4.47 billion barrels of crude oil in the United States in 2019 (around 12.25 million barrels per day), worth an average wellhead price of US$55 per barrel. oil-producing states were Texas (43%), North Dakota (10.4%), New Mexico (9.2%), Oklahoma (4.1%), and Colorado (4.0%). The leading oil-producing area in the United States in 2019 was Texas (5.07 million barrels (806,000 m 3) per day), followed by the offshore federal zone of the Gulf of Mexico (1.90 million barrels (302,000 m 3) per day), North Dakota (1.42 million barrels (226,000 m 3) per day) and New Mexico (0.90 million barrels (143,000 m 3) per day). became the world's largest crude oil producer, producing 15% of global crude oil, surpassing Russia and Saudi Arabia. The industry includes exploration, production, processing ( refining), transportation, and marketing of natural gas and petroleum products. Petroleum has been a major industry in the United States since shortly after the oil discovery in the Oil Creek area of Titusville, Pennsylvania, in 1859. US energy consumption, by source, 1776–2018. ![]()
1 Comment
8/28/2023 02:04:37 am
This article brilliantly elucidates the multifaceted world of oil, from its extraction to its global impact. The insightful exploration of its significance, challenges, and future trends makes it an invaluable read for anyone intrigued by the oil industry. Kudos for shedding light on such a complex subject with such clarity!
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