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Approximately 33% of our oil is produced domestically. I used the most current data from the US Department of Energy, Energy Information Agency, which is an excellent site for information. There has been a long term declining trend to our domestic oil supply. For the first 8 months in 2008, US oil production has been about 5.1 million barrels per day, while imports have about 10 million barrels per day. I ignored Sept 2008 data as hurricane activity made the data anomalous. See: http://tonto.eia.doe.gov/dnav/pet/pet_sum_crdsnd_adc_mbbl_m.htm
What else can I help you with?
Would a tariff imposed on US oil imports promote energy development and conservation for the US?
There is no straight forward Yes or No Answer for this question, Oil is a basic necessity commodity. A tariff impose on oil might decreases the demand for oil but this decrease will be very small, as oil is a necessity in a human daily life. There are alternative sources to oil which might be used more but as OIL is bought in rest of the world in US dollars an increase in oil prices domestically will not affect the Value and demand of dollar in global market but It will lead to an Increase in demand for money in local market which might lead to a higher inflation rate which the central bank might control by printing more money thus it will make US product more expensive in the global market and it might increase profits for certain industries in US. This might also lead to a higher structural unemployment in US.
Biggest oil producer in US of the US?
The biggest oil company is Exxon Mobile. The state wich produces the most oil is Louisiana.
How did the oil embargo affect the United StatesIn 1973 Arab oil-producing countries enacted an oil embargo and refused to sell oil to the US?
Oil prices in the U.S. increased, and there was high inflation
What percentage of land in the US is owned by foreigners?
50%
What is the relationship between a weak dollar and steel prices?
It makes US produced steel cheaper in the international market. Also it makes oil more expensive which in turn makes foreign steel more expensive in transportation cost. Therefore US steel industries will benefit as a whole.
What percentage of oil is brought in from outside countries to supply United States demand oil?
In the 1970's the US imported 25% of the oil used and produced 75%. Today it is reverse. Now 75-80% is imported and the balance is produced in the US.
What percentage of oil in the US comes from oil wells in the US?
25%
What percentage of clothes sold in the US are produced in the US?
30%
What does the US use more of than they produce?
The US imports more oil and petroleum products than it produces domestically.
What percentage of us electric is produced by coal?
More than 70% of US electricity is produced from coal.
What percentage of the Nike production is produced in the US?
None
What percentage of US oil is from Venezuela?
the percent of venezuelan oil that is used in the us is 10 percent
What percentage of US oil comes from Iraq oil wells?
Click the link
What percentage of the us oil comes from Canada?
20 percent
What percentage of the US GDP is from oil?
oil makes up approximately 2.6 percent of the US GDP. The Us has a GDP of 13,926.7 billion dollars, and oil the oil market in the US is worth about 366.2 billion.
What is the most abundant fossil fuel produced in the us?
The most abundant fossil fuel produced in the US is oil (petroleum). Oil is commonly used for transportation, heating, and electricity generation.
How many barrels of oil did the US produce in 2007?
The US produced about 1.85 billion (1,848,450,000) barrels of crude oil in 2007.
