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There are no absolute five, but most of our oil comes from OPEC. (Organization of Petroleum Exporting Countries) OPEC is made up of small middle-eastern countries that are small in size, and have few sources of external revenue other than oil. They export not only crude oil, but gasoline as well. It was OPEC in the 70s during Carter's term that made gasoline expensive. The US also gets oil from some of its own reserves, such as those in Texas, the West, Alaska, and some offshore drills in either the Gulf or off the coast of Alaska. The US government wishes to conserve US oil for as long as possible, however, and chooses to get most of its oil from outside sources. As of July 2005 the USA imports petroleum (including crude oil) from these top five exporting countries. (It also imports from 10 other countries, in smaller amounts) '''Country (Thousand Barrels per Day)''' * Canada (2,079) * Saudi Arabia (1,689) * Venezuela (1,623) * Mexico (1,593) * Nigeria (1,156) Source: www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html Uisge
What else can I help you with?
How much foreign oil does US buy each day?
About one billion dollars every day on imported oil!
What natural resource must the US import to meet its needs?
Rubber.
Does the US drill for oil?
Yes, the US does drill for oil. The country has extensive oil drilling operations both onshore and offshore, resulting in significant domestic oil production.
Has the US reached its oil peak?
It is debated among experts whether the US has reached its oil peak. Some argue that advancements in technology have unlocked new reserves, while others believe that production has plateaued. The US Energy Information Administration has reported fluctuations in US oil production in recent years.
What discovery made Texas the leading producer of oil in the US?
The discovery of the Spindletop oil field in 1901 near Beaumont, Texas, made Texas the leading producer of oil in the US. The massive oil strike sparked a boom in the Texas oil industry and paved the way for its future as a major player in the global oil market.
What are the five largest oil importing countries to the US?
The top 5 countries from which the US imports oil and petroleum products are, in order from most to least:CanadaNigeriaMexicoSaudi ArabiaVenezuela
What is it called when the US buys products from other countries and brings them into the US?
importing
How much oil does the US purchase from Canada?
The US is currently importing about 1,900,000 barrels of oil per day from Canada.
What were the imports and exports of the US during Vietnam?
The US was importing lots of things, like food and oil.
Does the US produce enough oil for all of its citizens to use?
If it did, we wouldn't be importing so much.
What countries are in the US Consulate?
All countries except for five countries are in the US Consulate. The five countries that are not in the US Consulate are Bhutan, Cuba, Iran, North Korea, and Taiwan.
An increase in nominal GDP increases the demand for money because?
An increase in nominal GDP impacts the demand for money in different ways. It causes the need for money to increase as more US products are sold to different countries, the US dollar value increases on importing goods from other countries. More money is needed in circulation because more goods can be bought with the US dollar from other countries as it has more value than the currency of other countries in which we are importing from.
How long can the US last if we stop importing oil?
Longer than your lifetime. Especially if we move towards the natural gas for cars and everything else we can.
How is the US oil shipped from different countries?
By Tanker
What does the US use that comes from other countries?
Oil.
Why was the US vulnerable to OPEC?
The US is vulnerable to OPEC because of the oil import. There is about 40% oil in OPEC countries.
What countries use the most oil and how much?
US at about 20,000,000 barrels of oil daily.
