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Oil shale reserves (perhaps 3 trillion barrels (4.8 × 10 11 m 3)) and coal reserves, both of which can be converted to liquid petroleum, are not included in this chart. Other non-conventional liquid fuel sources are similarly excluded from this list.
Colonial Pipeline Company logo. The Colonial Pipeline is the largest pipeline system for refined oil products in the U.S. [1] The pipeline – consisting of three tubes – is 5,500 miles (8,850 km) long [1] and can carry 3 million barrels of fuel per day between Texas and New York.
Petroleum refining in the United States in 2024 had a capacity of 18.4 million barrels per day. [2] Although the US was the world's largest net importer of refined petroleum products as recently as 2008, the US became a net exporter in 2010, and in 2014 was the largest exporter and the largest net exporter of refined petroleum. [ 3 ]
For instance, North America has over 3 trillion barrels of shale oil reserves, [citation needed] and the majority of oil produced in the US is from shale, leading to the paradoxical data below that the US will finish all its oil at 2024 production levels in 10 years.)
Unfortunately the developers had signed a 20-year contract to sell 25,000 barrels per day at $0.25 per barrel to Shell Oil. When the price climbed above $0.35 per barrel, the operation was stressed and Mellon who had lent money for Spindle Top's development took control of the company, won a lawsuit allowing Mellon to renege on the contract ...
The Permian Basin is the largest petroleum-producing basin in the United States and has produced a cumulative 28.9 billion barrels of oil and 75 trillion cubic feet of gas. In early 2020, over 4 million barrels of oil a day were being pumped from the basin. Eighty percent of estimated reserves are located at less than 10,000 feet (3,000 m) depth.
Commercial crude oil stock pile. The Strategic Petroleum Reserve (SPR) is an emergency stockpile of petroleum maintained by the United States Department of Energy (DOE). It is the largest publicly known emergency supply in the world; its underground tanks in Louisiana and Texas have capacity for 714 million barrels (113,500,000 m 3). [1]
In 2012 the oil production of the US increased by 800,000 barrels per day, the highest ever recorded increase in one year since oil drilling began in 1859. [9] In April 2013, US crude production was at a more than 20-year high, aided by the shale gas and tight oil boom; with production near 7.2 million barrels per day. [10]