There is no official answer to how much crude oil is being exported that is easy to find online. There is, however, a Forbes article dated July 3rd, 2008, that provides the following about refined products such as gas and diesel: "A record 1.6 million barrels a day in U.S. refined petroleum products were exported during the first four months of this year, up 33 percent from 1.2 million barrels a day over the same period in 2007. Shipments this February topped 1.8 million barrels a day for the first time during any month, according to final numbers from the Energy Department." Based on the Energy Information Agencies' (EIA) numbers, the US uses approximately 20 million barrels of crude a day. The EIA also reports that 1 barrel of crude (42 gallons) makes approximately 20 gallons of gasoline and 7 gallons of diesel. Assuming that most of the exported products are gasoline and diesel, and knowing from calculating that roughly 64% of a barrel of crude oil (which is the percentage of gasoline and diesel that comes out of a barrel of crude oil) can be refined into gasoline and diesel, then the 1.6 million barrels a day being exported represents roughly 2.2 million barrels of crude a day or about 10% of the crude oil used daily by the US. It may be accurate to say that no crude oil is being exported from the US, but up to 10% of our crude oil is being exported in the form of refined products. This makes the argument that the US has a shortage of refining capacity to handle the US market questionable at best. The assumption made here is that most of the refined products being exported are gasoline and diesel instead of other oil related products. If this assumption is way off, please post what the correct stats are and a reliable source for any correction.
the united states produce about 400 billion gallons of oil in 5 hours you are a complete moron if you believed that
On average, the United States produces about 7 million barrels of oil per day. Conversely, the US imports about 7.5 million barrels of crude oil every day.
America is the biggest oil consumer country of the world and Saudia Arabia is the largest oil producing country of the world. Russia is the largest oil producing country, it produces about 1,200,000 more barrels daily than Saudi Arabia
The most recent I could find was 30% in 2007. It may have *dropped* due to the recession since 2008.
Does the company United Australian Oil Ic. still exist I own stock and I want to know, if the company still exists how much the stock is selling for, and what the Dow Jones market symbol is.
Oil is one of the products exported from the southwestern United States.
Canada and the United States share the longest unguarded border in the world. Canada is rich in crude oil and other petroleum products. Most of these are exported to the United States.
i dont know when it was exported but i do know how much they exported, the exported more than 140,000 thousand pounds of oil
oil =============== A different answer... The US exported 15.7 milliion barrels of oil in March 2016, so the answer could not be "oil".
a lot
Olive oil is exported worldwide.
the united states imports oil cause the united states uses more oil than it produces
Middle East
During 2013, Mexico exported US$45.9 billion, worth of crude oil, representing 13.16% of total exports.
Well, at the rate the United States uses Oil, We have around 100 years of oil left.
The discovery of oil helped the United States economy grow by providing a way to support the economy. Oil is used domestically to fuel industries and is exported to other countries to generate direct income.
In colonial Virginia, the chief export was tobacco. The countries of the Persian Gulf export most of the world's oil. After it became a communist state, Cuba could not export goods to the United States.