According to EIA US consumes 11 quadrillion BTU / year. (5,800,000 BTU are in 1 barrel of oil). That works out to 1.89 billion barrels per year. Divide that by 365 and you get 5.17 million barrels per day.
About 5 million barrels of crude oil daily.
Not at the current rate of consumption.
The Crude oil is in US gallons.
Crude oil can kill wildlife and damages the natural world aound us.
1 barrel of crude oil equals 42 US gallons of crude oil.
Yes. The US exports about 9.9 million barrels of crude oil per week.
Whole world= 7,383,000 barrels America= 1,500,000 barrels
There are 42 US gallons of crude oil in one barrel.
Nigeria has significant crude oil reserves, being one of the top oil-producing countries in Africa.
The US produces about 5 million barrels of crude oil per day.
In short, weakening of the US dollar, e.g., due to the weakening US economy, causes crude oil prices to go up. Strengthening dollar makes the price of crude oil to decrease. It is explained by the Purchasing Power Parity theory, which assumes that the producers of crude oil should get the same price for oil in their own currency, after exchanging dollars they receive for crude oil.
yes