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when did yamaha grizzly go to fuel injection | rear suspension with dual shocks. This is reported to have significantly improved the handling characteristics of the newer model. The Grizzly includes push button 4 wheel drive and diff lock. In 2007 Yamaha came out with the Grizzly 700 that provides fuel injection and optional EPS (electric power steering), that has been getting great reviews. Also, the 700 uses "gull wing" bent axle on the rear, allowing for a shorter frame, and reduced weight. Yamaha Grizzly 600 The Yamaha Grizzly is a large utility all-terrain vehicle manufactured by the Yamaha Motor Company. It has a 595cc four-stroke engine from the | Yamaha Grizzly 600 The Yamaha Grizzly is a large utility all-terrain vehicle manufactured by the Yamaha Motor Company. It has a 595cc four-stroke engine from the XT600. Yamaha replaced the Grizzly 600 with the new Grizzly 660 using a larger engine that is 660cc derived from the Raptor 660 with a five-valve cylinder head. Beyond the engine, the biggest differences between the Grizzly 600 (offered in the US from 1998 to 2001) and the Grizzly 660 (introduced in 2002), is the rear suspension. The older Grizzly has a rigid rear axle with a single shock. The newer Grizzly has independent | eng_Latn | 3,110,053 |
when did they start making fuel injected dirt bikes | fourth remained the same and the fifth added. The next major innovation would be in 2009, as Kawasaki introduced fuel injection. Reviewers raved of the performance effect of the new injectors, and in proceeding years the technology would spread across the KX lineup. A series of major revisions came in 2012. The KX450F received an all new frame, significant engine modifications and a new electronics set that included Launch Control. Launch Control is designed to prevent wheel-spin at take off, and automatically disengages once third gear is reached. It is activated by holding a switch until an indicator light glows | family man or woman, and the Japanese were able to produce modern designs more quickly, more cheaply, and of better quality than their competitors. Their motorbikes were more stylish and more reliable, so the British manufacturers fell behind as mass-market producers. Honda, which was officially founded in Japan on September 24, 1948, introduced their SOHC inline-four engine CB750 in 1969, which was inexpensive and immediately successful. It established the across-the-frame-four engine configuration as a design with huge potential for power and performance. Shortly after the introduction of the SOHC, Kawasaki demonstrated the potential of the four-stroke four-cylinder engine with the | eng_Latn | 3,110,054 |
when did yamaha start fuel injection on yz250f | Yamaha YZF-R15 The Yamaha YZF-R15 is a single cylinder sport bike made by Yamaha Motor Company since 2008. In September 2011, the second iteration, called v2.0, was released in India, and in April 2014 it was released in Indonesia. In January 2017, the third iteration of the bike, called v3.0, was launched in Indonesia. The engine for the first and second iteration (v2.0) was a "149.8 cc" single cylinder four-stroke engine with four valves and a single overhead camshaft. The bore and stroke were . This engine had a claimed of power at 8,500 rpm and of torque at 7,500 | to mid-RPMs. 2008-2009 furthered pushed the powerband to mid-RPMs. September 8, 2009, Yamaha introduced its all-new YZ450F with fuel injection. The engine cylinder is rearward slanted, the crank rod angle has been changed to provide a more complete combustion, the 5-valve head is now a 4-valve head, the gas tank is located under the seat, the exhaust pipe exits the rear of the cylinder, and the air intake is now in the front of the bike. They have a new bi-lateral frame which allows for new improved steering and the new engine components. The entire package comes together to create | eng_Latn | 3,110,055 |
how much horsepower does a stock 6.0 powerstroke have | ft-lb of torque. A 3.0 liter Power Stroke turbo-diesel V6 will be introduced in the new 2018 Ford F-150 as a medium duty engine to compete with the Ram 1500 EcoDiesel V6. The 3.0-liter Power Stroke diesel generates and 440 lb-ft of torque, providing a towing capability of 11,440 lbs. EPA-estimated fuel efficiency ratings are 30 mpg highway, 22 mpg city, and 25 mpg combined. The Power Stroke engine has been used in the following applications. Ford E-Series (full-size vans) Ford F-Series (full-size pickup trucks) LCF (low cab forward) Ford Transit Ford Power Stroke engine Power Stroke is a name | if the Powerstroke's output hadn't been increased for model year 2018. 2015—2016 Ford 6.7 Powerstroke The 3.2 L Power Stroke is an inline five-cylinder engine that debuted in the U.S.-spec Transit for model year 2015. The engine is a modified version of the Ford Duratorq 3.2 L diesel engine that has been adapted to meet emissions in the United States. To aid in economy, emissions, and reduce NVH, it has a high pressure common rail fuel injection system and piezo injectors that can spray up to five different injections per compression event. It has a water cooled EGR system to | eng_Latn | 3,110,056 |
when did yamaha start making 4 stroke outboard motors | 1984, Yamaha introduced their first four-stroke powerhead. These motors were only available in the smaller horsepower range. In 1990 Honda released 35 hp and 45 hp four-stroke models. They continued to lead in the development of four-stroke engines throughout the 1990s as US and European exhaust emissions regulations such as CARB (California Air Resources Board) led to the proliferation of four-stroke outboards. At first, North American manufacturers such as Mercury and OMC used engine technology from Japanese manufacturers such as Yamaha and Suzuki until they were able to develop their own four-stroke engine. The inherent advantages of four-stroke motors included: | and light weight. Drawbacks include increased pollution, due to the high volume of unburned gasoline and oil in their exhaust, and louder noise. Although four stroke outboards have been sold since the late 1920s, particularly Roness and Sharland, in 1962 Homelite introduced a commercially viable four cycle outboard a 55-horsepower motor, based on the 4 cylinder Crosley automobile engine. This was called the Bearcat that was later purchased by Fischer-Pierce who are the makers of Boston Whaler for use in their boats because of their advantages over two strokes. In 1964, Honda Motor Co. introduced its first four-stroke powerhead. In | eng_Latn | 3,110,057 |
who sells the most oil in the world | in the United States, but is responsible for only 2% of electricity generation. Petroleum's worth as a portable, dense energy source powering the vast majority of vehicles and as the base of many industrial chemicals makes it one of the world's most important commodities. The top three oil producing countries are Saudi Arabia, Russia, and the United States. About 80% of the world's readily accessible reserves are located in the Middle East, with 62.5% coming from the Arab 5: Saudi Arabia (12.5%), UAE, Iraq, Qatar and Kuwait. However, with high oil prices (above $100/barrel), Venezuela has larger reserves than Saudi | to a high of 53 percent for the Middle East, South and Central America (44%), Africa (41%), and North America (40%). The world at large consumes 30 billion barrels (4.8 km³) of oil per year, and the top oil consumers largely consist of developed nations. In fact, 24 percent of the oil consumed in 2004 went to the United States alone, though by 2007 this had dropped to 21 percent of world oil consumed. In the US, in the states of Arizona, California, Hawaii, Nevada, Oregon and Washington, the Western States Petroleum Association (WSPA) represents companies responsible for producing, distributing, | eng_Latn | 3,110,058 |
where is most oil found in the world | parameters, number of vehicles in the world competing for fuel, quantity of oil exported to the world market (Export Land Model), net energy gain (economically useful energy provided minus energy consumed), political stability of oil exporting nations and ability to defend oil supply lines.ci The top three oil producing countries are Russia, Saudi Arabia and the United States. In 2018, due in part to developments in hydraulic fracturing and horizonal drilling, the United States became the world's largest producer. About 80 percent of the world's readily accessible reserves are located in the Middle East, with 62.5 percent coming from the | global reserves), Saudi Arabia (18% of global reserves), Canada (13% of global reserves), and Iran (9%). Because the geology of the subsurface cannot be examined directly, indirect techniques must be used to estimate the size and recoverability of the resource. While new technologies have increased the accuracy of these techniques, significant uncertainties still remain. In general, most early estimates of the reserves of an oil field are conservative and tend to grow with time. This phenomenon is called "reserves growth". Many oil-producing nations do not reveal their reservoir engineering field data and instead provide unaudited claims for their oil reserves. | eng_Latn | 3,110,059 |
where does the world get most of its energy | the slowdown in economic activity. China became the world's largest energy consumer (18% of the total) since its consumption surged by 8% during 2009 (up from 4% in 2008). Oil remained the largest energy source (33%) despite the fact that its share has been decreasing over time. Coal posted a growing role in the world's energy consumption: in 2009, it accounted for 27% of the total. Most energy is used in the country of origin, since it is cheaper to transport final products than raw materials. In 2008, the share export of the total energy production by fuel was: oil | decreased, in part due to nuclear disasters (e.g. Three Mile Island 1979, Chernobyl 1986, and Fukushima 2011). In 2011, expenditures on energy totalled over 6 trillion USD, or about 10% of the world gross domestic product (GDP). Europe spends close to one-quarter of the world's energy expenditures, North America close to 20%, and Japan 6%. World total primary energy supply (TPES), or "primary energy" differs from the world final energy consumption because much of the energy that is acquired by humans is lost as other forms of energy during the process of its refinement into usable forms of energy and | eng_Latn | 3,110,060 |
where does the us get most of its energy | Energy in the United States The United States was the second-largest energy consumer in 2010 (after China) considering total use. The nation is ranked seventh in energy consumption per-capita after Canada and several small nations. Not included is the significant amount of energy used overseas in the production of retail and industrial goods consumed in the U.S. Most of this energy comes from fossil fuels: in 2010, data showed that 25% of the nation's energy originates from petroleum, 22% from coal, and 22% from natural gas. Nuclear power supplied 8.4% and renewable energy supplied 8%, mainly from hydroelectric dams and | $80 billion on military research and development. They advocate a jump in spending on basic energy research. Note: Sum of components may not equal 100 percent due to independent rounding. Primary energy use in the United States was 25,155 TWh or about 81,800 kWh per person in 2009. Primary energy use was 1,100 TWh less in the United States than in China in 2009. The share of energy import was 26% of the primary energy use. The energy import declined about 22% and the annual CO2 emissions about 10% in 2009 compared to 2004. Oil is one of the largest | eng_Latn | 3,110,061 |
how many liters is in a barrel of oil | Some of these barrels would originally have been used for other products, such as beer, fish, molasses or turpentine. Both the barrels (based on the old English wine measure), the tierce (159 litres) and the whiskey barrels were used. Also, barrels were in common use. The 40-gallon whiskey barrel was the most common size used by early oil producers, since they were readily available at the time. Around 1866, early oil producers in Pennsylvania came to the conclusion that shipping oil in a variety of different containers was causing buyer distrust. They decided they needed a standard unit of measure | continued to use the same size barrels. In the worldwide oil industry, an oil barrel is defined as 42 US gallons, which is about litres or 35 imperial gallons. Oil companies that are listed on American stock exchanges typically report their production in terms of volume and use the units of bbl, Mbbl (one thousand barrels), or MMbbl (one million barrels) and occasionally for widest comprehensive statistics the Gbbl (or sometimes Gbl) denoting a billion. There is a conflict concerning the units for oil barrels (see ). For all other physical quantities, according to the International System of Units, the | eng_Latn | 3,110,062 |
where does most of america 's energy come from | Energy in the United States The United States was the second-largest energy consumer in 2010 (after China) considering total use. The nation is ranked seventh in energy consumption per-capita after Canada and several small nations. Not included is the significant amount of energy used overseas in the production of retail and industrial goods consumed in the U.S. Most of this energy comes from fossil fuels: in 2010, data showed that 25% of the nation's energy originates from petroleum, 22% from coal, and 22% from natural gas. Nuclear power supplied 8.4% and renewable energy supplied 8%, mainly from hydroelectric dams and | shifted to a decline after 2007. The decline has been linked to the increased availability of natural gas, decreased consumption, renewable power, and more stringent environmental regulations. The Environmental Protection Agency has advanced restrictions on coal plants to counteract mercury pollution, smog, and global warming. The U.S. Department of Energy tracks national energy consumption in four broad sectors: industrial, transportation, residential, and commercial. The industrial sector has long been the country's largest energy user, currently representing about 33% of the total. Next in importance is the transportation sector, followed by the residential and commercial sectors. Household energy use varies significantly | eng_Latn | 3,110,063 |
where does the us get its fresh water | Water export Water exports involve exporting freshwater from one country to another. Large increases in human population and economic growth throughout the world during the twentieth century placed a huge stress on the world’s freshwater resources. Combined with climate change, they will place an even greater demand on water resources in this century. Water shortages have become an international concern, and freshwater has been described as “blue gold” and “the oil of the 21st Century.” Canada has 7% of the world’s renewable supply of freshwater. Freshwater export between Canada and the US currently takes place at a small scale, mostly | water supply in the United States include droughts in the West, water scarcity, pollution, a backlog of investment, concerns about the affordability of water for the poorest, and a rapidly retiring workforce. Increased variability and intensity of rainfall as a result of climate change is expected to produce both more severe droughts and flooding, with potentially serious consequences for water supply and for pollution from combined sewer overflows. The United States is home to many cultures and a wide variety of ethnic groups, traditions, and values. Aside from the Native American, Native Hawaiian, and Native Alaskan populations, nearly all Americans | eng_Latn | 3,110,064 |
where does most of the aluminum come from | to liquidate the joint venture company, Chinalco Rio Tinto Exploration Co. Aluminum Corporation of China Limited Aluminum Corporation of China Limited (, known as Chalco), is a Chinese company listed in Hong Kong SAR and in New York. Multinational aluminium company headquartered in Beijing, People's Republic of China. It is the world's second-largest alumina producer and third-largest primary aluminium producer (and the largest producer in China). Chinalco is principally engaged in the extraction of aluminium oxide, electrolyzation of virgin aluminium and the processing and production of aluminium as well as traded trading and engineering and technical services. Its primary listing | Aluminum industry in the United States The aluminum industry in the United States in 2014 produced 1.72 million metric tons of primary aluminum, worth 3.97 billion dollars, at nine aluminum smelters. In addition, the US produced 1.70 million tons of secondary aluminum from old (post-consumer) scrap, and 1.93 million tons of aluminum from new (manufacturing) scrap. The US was the world's 6th largest producer of primary aluminum in 2014.The industry employed 29,000 people. In 2014, primary aluminum, which is produced from bauxite, was produced by three companies at nine smelters. Primary aluminum is preferred for high-quality uses such as aircraft. | eng_Latn | 3,110,065 |
where does the united states get its electricity | Commission. Economic regulation of the distribution segment is a state responsibility, usually carried out through Public Utilities Commissions; the inter-state transmission segment is regulated by the federal government through the Federal Energy Regulatory Commission. Principal sources of US electricity in 2014 were: coal (39%), natural gas (27%), nuclear (19%), Hydro (6%), and other renewables (7%). Over the decade 2004—2014, the largest increases in electrical generation came from natural gas (2014 generation was 412 billion kWh greater than 2004), wind (increase of 168 billion kWh) and solar (increased 18 billion kWh). Over the same decade, annual generation from coal decreased 393 | Energy in the United States The United States was the second-largest energy consumer in 2010 (after China) considering total use. The nation is ranked seventh in energy consumption per-capita after Canada and several small nations. Not included is the significant amount of energy used overseas in the production of retail and industrial goods consumed in the U.S. Most of this energy comes from fossil fuels: in 2010, data showed that 25% of the nation's energy originates from petroleum, 22% from coal, and 22% from natural gas. Nuclear power supplied 8.4% and renewable energy supplied 8%, mainly from hydroelectric dams and | eng_Latn | 3,110,066 |
who has the most petroleum in the world | in the United States, but is responsible for only 2% of electricity generation. Petroleum's worth as a portable, dense energy source powering the vast majority of vehicles and as the base of many industrial chemicals makes it one of the world's most important commodities. The top three oil producing countries are Saudi Arabia, Russia, and the United States. About 80% of the world's readily accessible reserves are located in the Middle East, with 62.5% coming from the Arab 5: Saudi Arabia (12.5%), UAE, Iraq, Qatar and Kuwait. However, with high oil prices (above $100/barrel), Venezuela has larger reserves than Saudi | parameters, number of vehicles in the world competing for fuel, quantity of oil exported to the world market (Export Land Model), net energy gain (economically useful energy provided minus energy consumed), political stability of oil exporting nations and ability to defend oil supply lines.ci The top three oil producing countries are Russia, Saudi Arabia and the United States. In 2018, due in part to developments in hydraulic fracturing and horizonal drilling, the United States became the world's largest producer. About 80 percent of the world's readily accessible reserves are located in the Middle East, with 62.5 percent coming from the | eng_Latn | 3,110,067 |
country with largest oil reserves in the world | Oil reserves in Venezuela The proven oil reserves in Venezuela are recognized as the largest in the world, totaling as of 1 January 2014. In early 2011, then-president Hugo Chávez and the Venezuelan government announced that the nation's oil reserves had surpassed that of the previous long-term world leader, Saudi Arabia. OPEC said that Saudi Arabia's reserves stood at in 2009. Venezuela's development of its oil reserves has been affected by political unrest in recent years. In late 2002, nearly half of the workers at the state oil company PDVSA went on strike, after which the company fired 18,000 of | global reserves), Saudi Arabia (18% of global reserves), Canada (13% of global reserves), and Iran (9%). Because the geology of the subsurface cannot be examined directly, indirect techniques must be used to estimate the size and recoverability of the resource. While new technologies have increased the accuracy of these techniques, significant uncertainties still remain. In general, most early estimates of the reserves of an oil field are conservative and tend to grow with time. This phenomenon is called "reserves growth". Many oil-producing nations do not reveal their reservoir engineering field data and instead provide unaudited claims for their oil reserves. | eng_Latn | 3,110,068 |
solvent extraction method of refining is adopted for which group of baseoil | sulfur content. The least refined type which is produced by Solvent Refining. It usually consists of conventional petroleum base oils. API defines group I as "base stocks contain less than 90 percent saturates and/or greater than 0.03 percent sulfur and have a viscosity index greater than or equal to 80 and less than 120". Better grade of petroleum base oil, which may be partially produced by Hydrocracking. All impurities will be removed from the oil leading to clearer color. API defines group II as "base stocks contain greater than or equal to 90 percent saturates and less than or equal | from one another. During the heating process, light and heavy hydrocarbons are separated – the light ones can be refined to make petrol and other fuels, while the heavier ones are suitable for bitumen and base oils. There are large numbers of crude oils all around the world that are used to produce base oils. The most common one is a type of paraffinic crude oil, although there are also naphthenic crude oils that create products with better solubility and very good properties at low temperatures. By using hydrogenation technology, in which sulfur and aromatics are removed using hydrogen under | eng_Latn | 3,110,069 |
which country is the largest producer of gold | overtook South Africa as the world's largest gold producer, the first time since 1905 that South Africa has not been the largest. , China was the world's leading gold-mining country, followed in order by Australia, Russia, the United States, Canada, and Peru. South Africa, which had dominated world gold production for most of the 20th century, had declined to sixth place. Other major producers are the Ghana, Burkina Faso, Mali, Indonesia and Uzbekistan. In South America, the controversial project Pascua Lama aims at exploitation of rich fields in the high mountains of Atacama Desert, at the border between Chile and | depository in the world is that of the U.S. Federal Reserve Bank in New York, which holds about 3% of the gold known to exist and accounted for today, as does the similarly laden U.S. Bullion Depository at Fort Knox. In 2005 the World Gold Council estimated total global gold supply to be 3,859 tonnes and demand to be 3,754 tonnes, giving a surplus of 105 tonnes. After the August 15, 1971 Nixon shock, the price began to greatly increase, and between 1968 and 2000 the price of gold ranged widely, from a high of $850 per troy ounce ($27.33/g) | eng_Latn | 3,110,070 |
where is canada 's greatest concentration of fossil fuel resources located | Coal in Canada Coal reserves in Canada rank fifth largest in the world (following the former Soviet Union, the United States, the People's Republic of China and Australia) at approximately 10 billion tons, 10% of the world total. This represents more energy than all of the oil and gas in the country combined. The coal industry generates CDN$5 billion annually. Most of Canada's coal mining occurs in the West of the country. British Columbia operates 10 coal mines, Alberta 9, Saskatchewan 3 and New Brunswick one. Nova Scotia operates several small-scale mines, Westray having closed following the 1992 disaster there. | oil production in Canada. Total crude oil production in Canada was projected to increase by an average of 8.6 percent per year from 2008 to 2011 as a result of new non-conventional oil projects. Oil reserves in Canada Oil reserves in Canada were estimated at as of the start of 2015 . This figure includes the oil sands reserves that are estimated by government regulators to be economically producible at current prices using current technology. According to this figure, Canada's reserves are third only to Venezuela and Saudi Arabia. Over 95% of these reserves are in the oil sands deposits | eng_Latn | 3,110,071 |
where are the most of the members of opec located | 81.5 percent of the world's "proven" oil reserves, including 48 percent from just the six Middle Eastern members:. Approval of a new member country requires agreement by three-quarters of OPEC's existing members, including all five of the founders. In October 2015, Sudan formally submitted an application to join, but it is not yet a member. Qatar intends to leave OPEC on 1 January 2019. For countries that export petroleum at relatively low volume, their limited negotiating power as OPEC members would not necessarily justify the burdens imposed by OPEC production quotas and membership costs. Ecuador withdrew from OPEC in December | of "the top 100 most influential people in the shipping industry". However, the influence of OPEC on international trade is periodically challenged by the expansion of non-OPEC energy sources, and by the recurring temptation for individual OPEC countries to exceed production targets and pursue conflicting self-interests. As of June 2018, OPEC has 15 member countries: six in the Middle East (Western Asia), seven in Africa, and two in South America. According to the U.S. Energy Information Administration (EIA), OPEC's combined rate of oil production (including gas condensate) represented 44 percent of the world's total in 2016, and OPEC accounted for | eng_Latn | 3,110,072 |
where is north america 's largest oil field | East Texas Oil Field The East Texas Oil Field is a large oil and gas field in east Texas. Covering and parts of five counties, and having 30,340 historic and active oil wells, it is the second-largest oil field in the United States outside Alaska, and first in total volume of oil recovered since its discovery in 1930. Over 5.42 billion barrels of oil have been produced from it to-date. It is a component of the Mid-Continent Oil Province, the huge region of petroleum deposits extending from Kansas to New Mexico to the Gulf of Mexico. The field includes parts | of the Bakken Formation underlying portions of Montana and North Dakota. The USGS believes that with new horizontal drilling technology there is somewhere between of undiscovered, technically recoverable oil in this formation that was initially discovered in 1951. If accurate, this reassessment would make it the largest "continuous" oil accumulation (The USGS uses "continuous" to describe accumulations requiring extensive artificial fracturing to allow the oil to flow to the borehole) ever discovered in the U.S. The formation is estimated to contain significantly more - figures in excess of have been reported - but it is yet uncertain how much of | eng_Latn | 3,110,073 |
last time canadian dollar was at par with us | States, and was traded for as little as US$0.6179 US on January 21, 2002, which was an all-time low. Since then, its value against all major currencies rose until 2013, due in part to high prices for commodities (especially oil) that Canada exports. The Canadian dollar's value against the U.S. dollar rose sharply in 2007 because of the continued strength of the Canadian economy and the U.S. currency's weakness on world markets. During trading on September 20, 2007, it met the U.S. dollar at parity for the first time since November 25, 1976. Inflation in the value of the Canadian | 2018, almost ten times larger than Canada. According to the Organisation for Economic Co-operation and Development (OECD)'s 2018 report, Canadians pay lower personal income taxes than Americans. According to KPMG the corporate tax rate in Canada was 26.50% compared to 27% in the United States based on January 2018 data. Canada's 2017 debt-to-GDP ratio was 89.7%, compared to the United States at 107.8%. In 2016, Canada ranked 24th and the US 30th out of 35 OECD countries in terms of tax revenue to GDP ratio. This article compares the economies of Canada and the United States based on GDP, debt-to-GDP | eng_Latn | 3,110,074 |
where does iron come from in the us | Iron mining in the United States Iron mining in the United States produced 42.5 million metric tons of iron ore in 2015, worth US$3.8 billion. Iron ore was the third-highest-value metal mined in the United States, after gold and copper. Iron ore was mined from nine active mines and three reclamation operations in Michigan, Minnesota, and Utah. Most of the iron ore was mined in northern Minnesota’s Mesabi Range. Net exports (exports minus imports) were 3.9 million tons. US iron ore made up 2.5 percent of the total mined worldwide in 2015. Employment as of 2014 was 5,750 in iron | steel commonly contains a minimum of 10.5% chromium, and may also contain significant amounts of nickel or molybdenum. Slag, a byproduct of iron and steel-making composed primarily of highly impure glass, would normally be a waste product. However, it is in demand as an aggregate in concrete, asphalt paving, and construction fill. In 2014, the industry produced and marketed about 16.0 mt of slag, worth an estimated $270 million. The United States has been a major importer of steel and steel mill products since the 1960s. In 2014, the US exported 11 million tons of steel products, and imported 39 | eng_Latn | 3,110,075 |
when did the oil embargo of 1973 end | 1973 oil crisis The 1973 oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries proclaimed an oil embargo. The embargo was targeted at nations perceived as supporting Israel during the Yom Kippur War. The initial nations targeted were Canada, Japan, the Netherlands, the United Kingdom and the United States with the embargo also later extended to Portugal, Rhodesia and South Africa. By the end of the embargo in March 1974, the price of oil had risen from US$3 per barrel to nearly $12 globally; US prices were significantly higher. The embargo caused | a national average of 38.5 cents in May 1973 to 55.1 cents in June 1974. State governments requested citizens not to put up Christmas lights. Oregon banned Christmas and commercial lighting altogether. Politicians called for a national gas rationing program. Nixon requested gasoline stations to voluntarily not sell gasoline on Saturday nights or Sundays; 90% of owners complied, which produced long queues. The embargo was not uniform across Europe. Of the nine members of the European Economic Community (EEC), the Netherlands faced a complete embargo, the UK and France received almost uninterrupted supplies (having refused to allow America to use | eng_Latn | 3,110,076 |
were the two oil crises in the 1970s linked to deflation or inflation | early 1970s. World oil production per capita began a long-term decline after 1979. The major industrial centers of the world were forced to contend with escalating issues related to petroleum supply. Western countries relied on the resources of potentially unfriendly countries in the Middle East and other parts of the world. The crisis led to stagnant economic growth in many countries as oil prices surged. Although there were genuine concerns with supply, part of the run-up in prices resulted from the perception of a crisis. The combination of stagnant growth and price inflation during this era led to the coinage | abandoned the Gold Exchange Standard whereby the value of the dollar had been pegged to the price of gold and all other currencies were pegged to the dollar, whose value was left to "float" (rise and fall according to market demand). Shortly thereafter, Britain followed, floating the pound sterling. The other industrialized nations followed suit with their respective currencies. Anticipating that currency values would fluctuate unpredictably for a time, the industrialized nations increased their reserves (by expanding their money supplies) in amounts far greater than before. The result was a depreciation of the dollar and other industrialized nations' currencies. Because | eng_Latn | 3,110,077 |
who is the number 1 oil producing country | in the United States, but is responsible for only 2% of electricity generation. Petroleum's worth as a portable, dense energy source powering the vast majority of vehicles and as the base of many industrial chemicals makes it one of the world's most important commodities. The top three oil producing countries are Saudi Arabia, Russia, and the United States. About 80% of the world's readily accessible reserves are located in the Middle East, with 62.5% coming from the Arab 5: Saudi Arabia (12.5%), UAE, Iraq, Qatar and Kuwait. However, with high oil prices (above $100/barrel), Venezuela has larger reserves than Saudi | the Neutral Zone) from 1991 to 2002, even though the country produced more than and did not make any important new discoveries during that period. The case of Saudi Arabia is also striking, with proven reserves estimated at between 260 and in the past 18 years, a variation of less than 2%, while extracting approximately during this period. Sadad al-Huseini, former head of exploration and production at Saudi Aramco, estimates of the world's of proven reserves should be recategorized as speculative resources, though he did not specify which countries had inflated their reserves. Dr. Ali Samsam Bakhtiari, a former senior | eng_Latn | 3,110,078 |
where does most of americas oil come from | Petroleum in the United States Petroleum in the United States has been a major industry since shortly after the oil discovery in the Oil Creek area of Titusville, Pennsylvania in 1859. The petroleum industry includes exploration for, production, processing (refining), transportation, and marketing of natural gas and petroleum products. As of 2008, the U.S. was the world's third-largest oil producer (after Saudi Arabia and Russia), producing 8.5 million barrels of oil and natural gas liquids per day. The leading oil-producing area in the United States in 2014 was Texas ( per day), followed by the federal zone of the Gulf | in the United States, but is responsible for only 2% of electricity generation. Petroleum's worth as a portable, dense energy source powering the vast majority of vehicles and as the base of many industrial chemicals makes it one of the world's most important commodities. The top three oil producing countries are Saudi Arabia, Russia, and the United States. About 80% of the world's readily accessible reserves are located in the Middle East, with 62.5% coming from the Arab 5: Saudi Arabia (12.5%), UAE, Iraq, Qatar and Kuwait. However, with high oil prices (above $100/barrel), Venezuela has larger reserves than Saudi | eng_Latn | 3,110,079 |
where does most of the us oil come from | Petroleum in the United States Petroleum in the United States has been a major industry since shortly after the oil discovery in the Oil Creek area of Titusville, Pennsylvania in 1859. The petroleum industry includes exploration for, production, processing (refining), transportation, and marketing of natural gas and petroleum products. As of 2008, the U.S. was the world's third-largest oil producer (after Saudi Arabia and Russia), producing 8.5 million barrels of oil and natural gas liquids per day. The leading oil-producing area in the United States in 2014 was Texas ( per day), followed by the federal zone of the Gulf | from in 1970 to in 2007, before declining. Its largest net suppliers of petroleum products in 2007 were Canada and Mexico, which supplied , respectively. As of 2011, the US consumed 18.8 million barrels of petroleum products per day, and imported a net 8.4 million barrels per day; the EIA reported the United States "Dependence on Net Petroleum Imports" in 2011 as 45%. During 2008-2009 the USA became a net exporter of refined oil products; before the US bought gasoline, diesel and kerosene in Europe, and smaller amounts from other countries. The United States maintains a Strategic Petroleum Reserve at | eng_Latn | 3,110,080 |
what kind of oil is in north dakota | recent years as one of the most important sources of new oil production in the United States. Most Bakken drilling and production has been in North Dakota, although the formation also extends into Montana and the Canadian provinces of Saskatchewan and Manitoba. As of 2013, the Bakken was the source of more than ten percent of all US oil production. By April 2014, Bakken production in North Dakota and Montana exceeded . As a result of increased production from the Bakken, and long-term production declines in Alaska and California, North Dakota as of 2014 was the second-largest oil-producing state in | The underlying Kara Formation limestones are beneath almost the entire state. Known as the Dakota aquifer, it is commonly tapped for artesian wells. Very few wells were drilled in the aquifer before 1900, although one at Elledale in 1886 went down 1087 feet and produced up to 700 gallons a minute with a pressure reaching 176 pounds per square inch. Widespread drilling in the 1910s prompted state requirements for pressure control valves due to a drop in pressure and the drying up of many wells. The water has high salinity but tends to be warm and is preferred in parts | eng_Latn | 3,110,081 |
what is the largest privately owned company in the united states | Cargill Cargill, Incorporated is an American privately held global corporation based in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. Founded in 1865, it is the largest privately held corporation in the United States in terms of revenue. If it were a public company, it would rank, as of 2015, number 15 on the Fortune 500, behind McKesson and ahead of AT&T. Some of Cargill's major businesses are trading, purchasing and distributing grain and other agricultural commodities, such as palm oil; trading in energy, steel and transport; the raising of livestock and production of feed; and producing food ingredients such as | the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to Forbes. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on Forbes' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and services (44%) and employed 4 million people. In 2004, the Forbes' count of privately held U.S. businesses with at least $1 billion in revenue was 305. In the broadest sense, the term private corporation refers to any business not owned by the state. This usage is often | eng_Latn | 3,110,082 |
what are the main imports of sri lanka | the courts declared that privatizationis null and void. Some state-owned corporations became overstaffed and less efficient, making huge losses with series of frauds being uncovered in them and neopotism rising. During this time EU revoked GSP plus preferential tariffs from Sri Lanka due to alleged human rights violations, which cost about USD 500 million a year. The resumption of the civil-war in 2005 led to a steep increase defense expenditures. The increased violence and lawlessness also prompted some donor countries to cut back on aid to the country.. A sharp rise in world petroleum prices combined with economic fallout from | Vietnam and Bangladesh (at US$2bn), which has only grown to a shade below US$12bn by end of 2017 (compared to Vietnam’s US$214bn and Bangladesh’s US$36bn for 2017) Head line CCPI and NCPI will hover at 6% by 30 June 2019 Even though the Government did not adopt the fuel pricing formula, the Government took action to increase domestically controlled Petrol and Diesel prices, that will eventually increase non-financial SOE gains (which were in the red zone up to 2015) in the near term. This reform (even though, it is a spot action) and the anticipated adoption of the electricity pricing | eng_Latn | 3,110,083 |
what are canada 's four major primary industries | Economy of Canada The economy of Canada is a highly developed mixed economy with 10th largest GDP by nominal and 16th largest GDP by PPP in the world. As with other developed nations, the country's economy is dominated by the service industry, which employs about three quarters of Canadians. Canada has the fourth highest total estimated value of natural resources, valued at US$33.2 trillion in 2016. It has the world's third largest proven petroleum reserves and is the fourth largest exporter of petroleum. It is also the fourth largest exporter of natural gas. Canada is considered an "energy superpower" due | the population. This includes the financial services, real estate, and communications industries. This portion of the economy has been rapidly growing in recent years. It is largely concentrated in the major urban centres, especially Toronto, Montreal and Vancouver (see Banking in Canada). The education and health sectors are two of Canada's largest, but both are largely under the influence of the government. The health care industry has been quickly growing, and is the third largest in Canada. Its rapid growth has led to problems for governments who must find money to fund it. Canada has an important high tech industry, | eng_Latn | 3,110,084 |
where is most of the world 's iron mined | ferruginous hardcaps, for instance laterite iron ore deposits near Lake Argyle in Western Australia. The total recoverable reserves of iron ore in India are about 9,602 million tonnes of hematite and 3,408 million tonnes of magnetite. Chhattisgarh, Madhya Pradesh, Karnataka, Jharkhand, Odisha, Goa, Maharashtra, Andhra Pradesh, Kerala, Rajasthan and Tamil Nadu are the principal Indian producers of iron ore. World consumption of iron ore grows 10% per annum on average with the main consumers being China, Japan, Korea, the United States and the European Union. China is currently the largest consumer of iron ore, which translates to be the world's | largest steel producing country. It is also the largest importer, buying 52% of the seaborne trade in iron ore in 2004. China is followed by Japan and Korea, which consume a significant amount of raw iron ore and metallurgical coal. In 2006, China produced 588 million tons of iron ore, with an annual growth of 38%. Over the last 40 years, iron ore prices have been decided in closed-door negotiations between the small handful of miners and steelmakers which dominate both spot and contract markets. Traditionally, the first deal reached between these two groups sets a "benchmark" to be followed | eng_Latn | 3,110,085 |
when did the bp oil spill stop leaking | and pumping of cement to seal the well began. Officials said on September 18 that the cement pumped in from the base of the well had completed the sealing of the well. On September 19, after pressure testing, Allen declared the well "officially dead". In mid-May 2010, United States Secretary of Energy Steven Chu assembled a team of nuclear physicists, including hydrogen bomb designer Richard Garwin and Sandia National Laboratories director Tom Hunter. On May 24, BP ruled out conventional explosives, saying that if blasts failed to clog the well, "We would have denied ourselves all other options." Federal officials | well was finally capped on 15 July 2010. Of of leaked oil was collected or burned while entered the Gulf waters. of Corexit dispersant was applied. The spill had a strong economic impact on the Gulf Coast's economy sectors such as fishing and tourism. , the fishing industry continued to struggle. A 2013 study in the "Journal of Travel Research" found that the hotel industry weathered the spill better than the vacation rental industry, and that the overall impact was complex and difficult to determine. Oil spill caused damages across a range of species and habitats in the Gulf. Researchers | eng_Latn | 3,110,086 |
how many oil rigs are off the coast of louisiana | deep-water discoveries, the U.S. Bureau of Ocean Energy Management, Regulation and Enforcement projects that oil production from the Gulf of Mexico will increase to per year by 2013. The state of Louisiana issued its first offshore oil and gas lease in 1936, and the following year the Pure Oil Company discovered the first Louisiana offshore oil field, the Creole Field, from the shore of Cameron Parish, from a platform built on timber pilings in water. Today, there are more than 4,000 production platforms and drilling rigs off the coast of Louisiana. The first offshore well in Texas was drilled in | pressure and crude oil flow en route to the Clovelly Dome Storage Terminal. The Clovelly Dome Storage Terminal is used to store crude oil in underground salt domes before it is shipped to the various refineries. The terminal consists of eight caverns with a total capacity of , a pump station with four 6,000-hp pumps, meters to measure the crude oil receipts and deliveries, and a Brine Storage Reservoir. The brine reservoir is supersaturated with salts so as to prevent further degradation of the massive salt dome in which the eight caverns store the crude. This is because the supersaturated | eng_Latn | 3,110,087 |
what is the population of port arthur texas | Port Arthur, Texas Port Arthur is a city in Jefferson County within the Beaumont–Port Arthur metropolitan area of the U.S. state of Texas. A small portion extends into Orange County. It is east of Houston. It is host to the largest oil refinery in the United States (the 600,000 bpd Saudi Aramco - Motiva refinery). The population of Port Arthur was 53,818 at the 2010 census, down from 57,755 at the 2000 census. Early attempts at settlements in the area had all failed. However, in 1895, Arthur Stilwell founded Port Arthur, and the town quickly grew. Port Arthur was incorporated | Texas City, Texas Texas City is a city in Galveston County in the U.S. state of Texas. Located on the southwest shoreline of Galveston Bay, Texas City is a busy deepwater port on Texas' Gulf Coast, as well as a petroleum-refining and petrochemical-manufacturing center. The population was 48,558 in 2017, making it the third-largest city in Galveston County, behind League City and Galveston. It is a part of Houston–The Woodlands–Sugar Land metropolitan area. The city is notable as the site of a major explosion in 1947 that demolished the port and much of the city. Three duck hunters in 1891 | eng_Latn | 3,110,088 |
what commodity is much of venezuelas economy based | Economy of Venezuela The economy of Venezuela is largely based on the petroleum sector and manufacturing. In 2014, total trade amounted to 48.1% of the country's GDP. Exports accounted for 16.7% of GDP and petroleum products accounted for about 95% of those exports. Venezuela is the sixth largest member of OPEC by oil production. Since the 1920s, Venezuela has been a rentier state, offering oil as its main export. From the 1950s to the early 1980s, the Venezuelan economy experienced a steady growth that attracted many immigrants, with the nation enjoying the highest standard of living in Latin America. During | GDP, 10% of the labor force, and at least a quarter of Venezuela's land area. Venezuela exports rice, corn, fish, tropical fruit, coffee, beef and pork. The country is not self-sufficient in most areas of agriculture. Venezuela imports about two-thirds of its food needs. In 2002, American firms exported $347 million worth of agricultural products, including wheat, corn, soybeans, soybean meal, cotton, animal fats, vegetable oils and other items to make Venezuela one of the top two American markets in South America. The United States supplies more than one-third of Venezuela's food imports. Recent government policies have led to problems | eng_Latn | 3,110,089 |
where do the uk get their oil from | the Southern North Sea off East Anglia, but both areas are now in decline. Oil comes mainly from the North Sea Central Graben close to the median line with Norway in two main clusters – around the Forties oilfield east of Aberdeen and the Brent oilfield east of Shetland. There have been recent discoveries in challenging conditions west of Shetland. there were of pipelines linking 113 oil installations and 189 gas installations. The only major onshore field is Wytch Farm in Dorset but there are a handful oil wells scattered across England. There is significant shale potential in the Weald | $20.40/boe and the operating cost was $27.80/boe for a total of $48.20/boe. In 2014 the industry spent £1.1bn on exploration, £14.8bn on capital investment and £9.6bn on operating costs. Fields developed since 1993 are taxed through an additional corporation tax on profits, in 2014 the industry generated £2.8bn in direct taxes. After the Scottish shale oil industry reached its peak in the 19th century, the British government became increasingly concerned to find secure sources of fuel oil for the Royal Navy. This led to a nationwide search for onshore oil during the First World War and a modest discovery of | eng_Latn | 3,110,090 |
where is iron ore mined in the usa | Iron mining in the United States Iron mining in the United States produced 42.5 million metric tons of iron ore in 2015, worth US$3.8 billion. Iron ore was the third-highest-value metal mined in the United States, after gold and copper. Iron ore was mined from nine active mines and three reclamation operations in Michigan, Minnesota, and Utah. Most of the iron ore was mined in northern Minnesota’s Mesabi Range. Net exports (exports minus imports) were 3.9 million tons. US iron ore made up 2.5 percent of the total mined worldwide in 2015. Employment as of 2014 was 5,750 in iron | produced 3.66 billion tons of ore, about 70 percent of which came from the Mesabi Range. Totals through 1965 were: The largest production of US iron ore outside the Great Lakes districts was the Birmingham, Alabama district. Sedimentary iron ore in the Red Mountain formation of Silurian age was first used to make iron in 1864. Production was small until 1881, when major steelmaking began in Birmingham. The last iron mine shut down in 1975, after the district had produced 376 million long tons of ore. Iron mining in the United States Iron mining in the United States produced 42.5 | eng_Latn | 3,110,091 |
what was the highest oil price per barrel | to US$30.28 a barrel, the lowest since the financial crisis of 2007–2010 began. The price sharply rebounded after the crisis and rose to US$82 a barrel in 2009. In July 2008 oil reached a record peak of US$147.27 but by February 2009 it sank beneath $40 a barrel. On 31 January 2011, the Brent price hit $100 a barrel for the first time since October 2008, on concerns about the political unrest in Egypt. For about three and half years the price largely remained in the $90–$120 range. In the middle of 2014, price started declining due to a significant | 1975 (in US dollars): Posted oil price The posted price of oil was the price that oil companies offered to purchase oil from oil-producing governments. This price was set by the oil companies and used to calculate the share of oil revenues that oil producing countries would receive. Between 1957 and 1972, the posted price was greater than the market price of crude oil. Between 1961 and 1970 the market price hovered between $1.30 and $1.50 per barrel, while the posted price was a constant $1.80. Before Standard Oil was broken up by the United States Supreme Court in 1911, | eng_Latn | 3,110,092 |
when did gulf oil go out of business | gain control of the board) and listening to offers from Ashland Oil (which would double Gulf's price from its pre-Mesa level), General Electric (two years before it took over the media company NBC/RKO) and finally Chevron to act as its white knight in late 1984. Gulf divested many of its worldwide operating subsidiaries and then merged with Chevron by the spring of 1985. The Mesa group of investors was reported to have made a profit of $760 million ($ million today) when it assigned its Gulf shares to Chevron. Pickens has claimed that after realizing a more than doubling of | a Democratic donkey or a Republican elephant. By 1980, Gulf exhibited many of the characteristics of a giant corporation that had lost its way. It had a huge but poorly performing asset portfolio, associated with a depressed share price. The stock market value of Gulf started to drop below the break-up value of its assets. Such a situation was bound to attract the interest of corporate raiders, although a corporation in the top 100 of the Fortune 500 was in the early 1980s thought immune to takeover risk. Its undoing as an independent company began in 1982 when T. Boone | eng_Latn | 3,110,093 |
who is the richest oil country in the world | in the United States, but is responsible for only 2% of electricity generation. Petroleum's worth as a portable, dense energy source powering the vast majority of vehicles and as the base of many industrial chemicals makes it one of the world's most important commodities. The top three oil producing countries are Saudi Arabia, Russia, and the United States. About 80% of the world's readily accessible reserves are located in the Middle East, with 62.5% coming from the Arab 5: Saudi Arabia (12.5%), UAE, Iraq, Qatar and Kuwait. However, with high oil prices (above $100/barrel), Venezuela has larger reserves than Saudi | global reserves), Saudi Arabia (18% of global reserves), Canada (13% of global reserves), and Iran (9%). Because the geology of the subsurface cannot be examined directly, indirect techniques must be used to estimate the size and recoverability of the resource. While new technologies have increased the accuracy of these techniques, significant uncertainties still remain. In general, most early estimates of the reserves of an oil field are conservative and tend to grow with time. This phenomenon is called "reserves growth". Many oil-producing nations do not reveal their reservoir engineering field data and instead provide unaudited claims for their oil reserves. | eng_Latn | 3,110,094 |
which country is the world 's largest producer of crude oil | parameters, number of vehicles in the world competing for fuel, quantity of oil exported to the world market (Export Land Model), net energy gain (economically useful energy provided minus energy consumed), political stability of oil exporting nations and ability to defend oil supply lines.ci The top three oil producing countries are Russia, Saudi Arabia and the United States. In 2018, due in part to developments in hydraulic fracturing and horizonal drilling, the United States became the world's largest producer. About 80 percent of the world's readily accessible reserves are located in the Middle East, with 62.5 percent coming from the | Oil reserves in Venezuela The proven oil reserves in Venezuela are recognized as the largest in the world, totaling as of 1 January 2014. In early 2011, then-president Hugo Chávez and the Venezuelan government announced that the nation's oil reserves had surpassed that of the previous long-term world leader, Saudi Arabia. OPEC said that Saudi Arabia's reserves stood at in 2009. Venezuela's development of its oil reserves has been affected by political unrest in recent years. In late 2002, nearly half of the workers at the state oil company PDVSA went on strike, after which the company fired 18,000 of | eng_Latn | 3,110,095 |
list of most oil producing countries in the world | (66.7 % of total) (bcm): 1) Russia 677 (20.0 %), 2) United States 651 (19.2 %), 3) Canada 160 (4.7 %), 4) Qatar 151 (4.5 %), 5) Iran 149 (4.4 %), 6) Norway 106 (3.1 %), 7) China 103 (3.0 %), 8) Saudi Arabia 92 (2.7 %), 9) Indonesia 92 (2.7 %), 10) Netherlands 81 (2.4 %) and World 3 388 (100 %). General: <br> Natural gas by country This article includes a chart representing proven reserves, production, consumption, exports and imports of natural gas by country. Below the numbers there is specified which position a country holds by the | Natural gas by country This article includes a chart representing proven reserves, production, consumption, exports and imports of natural gas by country. Below the numbers there is specified which position a country holds by the corresponding parameter. Dependent territories, not fully recognized countries and supranational entities are not ranked. By default countries are ranked by their total proven natural gas reserves. All data is taken from CIA World Factbook. Note that data related to one parameter may be more up to date than data related to some other. The International Energy Agency top 10 natural gas producers in 2011 were | eng_Latn | 3,110,096 |
what country does the united states export the most product to | with about 33% of the total, although this has been in decline slightly over recent years. The next most important importer is Mexico, with about 18%, a figure which has been broadly stable, and then the Dominican Republic, although exports have declined as a proportion of the total in recent years. China imported about 11% of U.S. cotton last year, which was a sharp increase over previous seasons, allowing it to overtake El Salvador, which has consistently imported about 8-9% of the total. Cotton exports to China grew from a value of $46 million in 2000 to more than $2 | by foreigners were $16.3 trillion as of the end of 2006 (over 100% of GDP). The country has trade relations with many other countries. Within that, the trade with Europe and Asia is predominant. To fulfill the demands of the industrial sector, the country has to import mineral oil and iron ore on a large scale. Machinery, cotton yarn, toys, mineral oil, lubricants, steel, tea, sugar, coffee, and many more items are traded. The country's export list includes food grains like wheat, corn, and soybean. Aeroplane, cars, computers, paper, and machine tools required for different industries. In 2016 United States | eng_Latn | 3,110,097 |
how much of canada 's gdp is oil | of 2017, manufacturing accounts for 10% of Canada's GDP, a relative decline of more than 5% of GDP since 2005. Central Canada is home to branch plants to all the major American and Japanese automobile makers and many parts factories owned by Canadian firms such as Magna International and Linamar Corporation. Canada is one of the few developed nations that is a net exporter of energy—in 2009 net exports of energy products amounted to 2.9% of GDP. Most important are the large oil and gas resources centred in Alberta and the Northern Territories, but also present in neighbouring British Columbia | Economy of Canada The economy of Canada is a highly developed mixed economy with 10th largest GDP by nominal and 16th largest GDP by PPP in the world. As with other developed nations, the country's economy is dominated by the service industry, which employs about three quarters of Canadians. Canada has the fourth highest total estimated value of natural resources, valued at US$33.2 trillion in 2016. It has the world's third largest proven petroleum reserves and is the fourth largest exporter of petroleum. It is also the fourth largest exporter of natural gas. Canada is considered an "energy superpower" due | eng_Latn | 3,110,098 |
when did the oil prices start to drop | at world's records) and also because of lack of coordinated efforts between OPEC and Non-OPEC countries (Russian being a big player, refusing to reduce production) the price of oil fell rapidly in 2015 and continued to slide in 2016 causing the cost of WTI crude to fall to a 10-year low of $26.55 on January 20. The average price of oil in January 2016 was well below $35. Oil did not recover until April 2016, when oil went above the $45 mark. By 20 January 2016, the OPEC Reference Basket was down to US$22.48/bbl—less than one-fourth of its high from | to US$30.28 a barrel, the lowest since the financial crisis of 2007–2010 began. The price sharply rebounded after the crisis and rose to US$82 a barrel in 2009. In July 2008 oil reached a record peak of US$147.27 but by February 2009 it sank beneath $40 a barrel. On 31 January 2011, the Brent price hit $100 a barrel for the first time since October 2008, on concerns about the political unrest in Egypt. For about three and half years the price largely remained in the $90–$120 range. In the middle of 2014, price started declining due to a significant | eng_Latn | 3,110,099 |
where is most of the world 's palm oil grown | annually and in 2008 world production of palm oil and palm kernel oil amounted to 48 million tonnes. According to FAO forecasts by 2020 the global demand for palm oil will double, and triple by 2050. Indonesia is the world's largest producer of palm oil, surpassing Malaysia in 2006, producing more than 20.9 million tonnes. Indonesia expects to double production by the end of 2030. At the end of 2010, 60 percent of the output was exported in the form of crude palm oil. FAO data show production increased by over 400 percent between 1994 and 2004, to over 8.66 | percent of the total output. Soybean oil came in second with 37 million tonnes (23 percent). About 38 percent of the oils and fats produced in the world were shipped across oceans. Of the 60 million tonnes of oils and fats exported around the world, palm oil and palm kernel oil made up close to 60 percent; Malaysia, with 45 percent of the market share, dominated the palm oil trade. Previously, palm oil could be listed as "vegetable fat" or "vegetable oil" on food labels in the European Union (EU). From December 2014, food packaging in the EU is no | eng_Latn | 3,110,100 |
when did oil consumption peak as a share of global energy | After the oil shocks of 1973 and 1979, during which the price of oil increased from 5 to 45 US dollars per barrel, there was a shift away from oil. Coal, natural gas, and nuclear became the fuels of choice for electricity generation and conservation measures increased energy efficiency. In the U.S. the average car more than doubled the number of miles per gallon. Japan, which bore the brunt of the oil shocks, made spectacular improvements and now has the highest energy efficiency in the world. From 1965 to 2008, the use of fossil fuels has continued to grow and | the global market would choose to consume at various possible market prices and how this entire listing of quantities at various prices would evolve over time. Global demand for crude oil grew an average of 1.76% per year from 1994 to 2006, with a high growth of 3.4% in 2003–2004. After reaching a high of per day in 2007, world consumption decreased in both 2008 and 2009 by a total of 1.8%, despite fuel costs plummeting in 2008. In spite of this lull, world's demanded for oil is projected to increase 21% over 2007 levels by 2030 ( from ), | eng_Latn | 3,110,101 |
where is the most oil produced in the us | Petroleum in the United States Petroleum in the United States has been a major industry since shortly after the oil discovery in the Oil Creek area of Titusville, Pennsylvania in 1859. The petroleum industry includes exploration for, production, processing (refining), transportation, and marketing of natural gas and petroleum products. As of 2008, the U.S. was the world's third-largest oil producer (after Saudi Arabia and Russia), producing 8.5 million barrels of oil and natural gas liquids per day. The leading oil-producing area in the United States in 2014 was Texas ( per day), followed by the federal zone of the Gulf | of Mexico ( per day), followed by North Dakota ( per day) and California ( per day). In 2015, US production of crude oil rose to 9.48 million barrels per day, the highest annual rate since 1972, and an increase of 90% from the 2008 production of 5.00 million barrels per day. On a monthly basis, however, US production peaked in April 2015 at 9.63 million barrels per day, then declined due to lower oil prices to 8.74 million barrels per day in August 2016. US Natural gas production achieved new record highs for each year from 2011 through 2014. | eng_Latn | 3,110,102 |
when was the east texas oil field discovered | East Texas Oil Field The East Texas Oil Field is a large oil and gas field in east Texas. Covering and parts of five counties, and having 30,340 historic and active oil wells, it is the second-largest oil field in the United States outside Alaska, and first in total volume of oil recovered since its discovery in 1930. Over 5.42 billion barrels of oil have been produced from it to-date. It is a component of the Mid-Continent Oil Province, the huge region of petroleum deposits extending from Kansas to New Mexico to the Gulf of Mexico. The field includes parts | Woodbine Formation is the mechanism pushing oil through the reservoir toward the producing wells. A 1932 study showed that oil wells stopped flowing when water pressure dropped below 800 pounds per square inch. More recently, the gas-rich Jurassic Haynesville Shale has become the target of exploration and production. Several early attempts were made to produce oil in the area, beginning in 1911, with the failed Millville Oil Company, but drilling technology had not progressed sufficiently to reach oil at the depths it is found there, which are mainly below ; most early wells ended in broken bits, dry holes, and | eng_Latn | 3,110,103 |
the biggest centre of iron and steel industry in china is | governments strongly support local steel production. Meanwhile, each firm aggressively increases production. Iron ore production kept pace with steel production in the early 1990s but was soon outpaced by imported iron ore and other metals in the early 2000s. Steel production, an estimated 140 million tons in 2000 increased to 419 million tons in 2006. Much of the country's steel output comes from a large number of small-scale producing centers, one of the largest being Anshan in Liaoning. China was the top exporter of steel in the world in 2008. Export volumes in 2008 were 59.23 million tons, a 5.5% | 2015 are Baosteel Group–Wuhan Iron and Steel Corporation, Hesteel Group, Shagang Group, Ansteel Group and Shougang Group. By 2008 raw materials such as Iron ore prices grew and China had to reluctantly agree to price increases by the three largest iron ore producers in the world; BHP Billiton, Rio Tinto and Vale. During the Global financial crisis the Chinese steel mills won price reprieves as demand from their customers slowed. When the demand started to pick up again in 2009 and in 2010, the price crept back up due to higher demand for automobiles, low interest rates, government fiscal stimuli | eng_Latn | 3,110,104 |
who is the u.s. 's biggest trading partner | editorial to the "Omaha-World Herald" and a more detailed 2003 "Fortune" article, Buffett proposed a tool called Import Certificates as a solution to the United States' problem and ensure balanced trade. "The rest of the world owns a staggering $2.5 trillion more of the U.S. than we own of other countries. Some of this $2.5 trillion is invested in claim checks—U.S. bonds, both governmental and private—and some in such assets as property and equity securities." In 2013 the United States' largest trading partner was Canada. China has seen substantial economic growth in the past 50 years and though a nuclear-security | 36.7% of the total, making it by far the most important centre for foreign exchange trading in the world. Trading in the United States accounted for 17.9% and Japan accounted for 6.2%. For the first time ever, Singapore surpassed Japan in average daily foreign-exchange trading volume in April 2013 with $383 billion per day. So the order became: United Kingdom (41%), United States (19%), Singapore (6%), Japan (6%) and Hong Kong (4%). Turnover of exchange-traded foreign exchange futures and options has grown rapidly in recent years, reaching $166 billion in April 2010 (double the turnover recorded in April 2007). As | eng_Latn | 3,110,105 |
eleme refinery in portharcourt was built by which company and in what year | Port Harcourt Refining Company The Port Harcourt Refining Company, (abbreviated PHRC), is a Port Harcourt-based oil and gas company primarily specializing in the refining of crude oil into petroleum products. The company is a subsidiary of the Nigerian National Petroleum Corporation (NNPC). Located at Alesa Eleme, the company operates two oil refineries including an old plant commissioned in 1965 that can process 60,000 barrels of oil per stream day and the new plant commissioned in 1989, which has a capacity of 150,000 bpsd. Both oil refineries possess a combined capacity of 210,000 barrels per stream day making PHRC the "biggest | Jebel Ali refinery The Jebel Ali refinery was constructed from 1996 to 1999. The refinery is operated by the Emirates National Oil Co. (ENOC), which is owned by the Government of Dubai. It is a 120 kbpd gas condensate refinery, and processes mainly condensate or light crude oil. These inputs are processed to various products, including LPG, naphtha, jet fuel, diesel oil and fuel oil. The plant consists of two 60 kbit/s condensate distillation units (often referred to as condensate splitters) and five merox sweetening units. An upgrade - costing $850 million (US) - was implemented in 2010 for the | eng_Latn | 3,110,106 |
number of oil refineries in the united states | Petroleum refining in the United States Petroleum refining in the United States in 2013 produced 18.9 million barrels per day of refined petroleum products, more than any other country. 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. As of January 2015, there were 137 operating refineries in the US, distributed among 30 states. Largest petroleum refining companies in the United States Largest petroleum refineries in the United States | 1981 and 1995, though the operating capacity stayed fairly constant in that time period at around . Increases in facility size and improvements in efficiencies have offset much of the lost physical capacity of the industry. In 1982 (the earliest data provided), the United States operated 301 refineries with a combined capacity of of crude oil each calendar day. In 2010, there were 149 operable U.S. refineries with a combined capacity of per calendar day. By 2014 the number of refinery had reduced to 140 but the total capacity increased to per calendar day. Indeed, in order to reduce operating | eng_Latn | 3,110,107 |
when was the first oil well drilled in the united states | barrels/day. History of the petroleum industry in the United States The first successful oil well in North America was established in Oil Springs, Ontario, Canada in 1858. The field is still in production although quantities are low. The history of the petroleum industry in the United States goes back to the early 19th century, although the indigenous peoples, like many ancient societies, have used petroleum seeps since prehistoric times; where found, these seeps signaled the growth of the industry from the earliest discoveries to the more recent. Petroleum became a major industry following the oil discovery at Oil Creek Pennsylvania | inn where it was burned for illumination. Soon many gas wells were drilled in the area, and the gas-lit streets of Fredonia became a tourist attraction. On August 28, 1859, George Bissell and Edwin L. Drake made the first successful use of a drilling rig on a well drilled especially to produce oil, at a site on Oil Creek near Titusville, Pennsylvania. The Drake partners were encouraged by Benjamin Silliman (1779-1864), a chemistry professor at Yale, who tested a sample of the oil, and assured them that it could be distilled into useful products such as illuminating oil. The Drake | eng_Latn | 3,110,108 |
where did the oil industry began in the south in 1901 | of petroleum. By 1940 Texas had come to dominate U.S. production. Some historians even define the beginning of the world's Oil Age as the beginning of this era in Texas. The major petroleum strikes that began the rapid growth in petroleum exploration and speculation occurred in Southeast Texas, but soon reserves were found across Texas and wells were constructed in North Texas, East Texas, and the Permian Basin in West Texas. Although limited reserves of oil had been struck during the 19th century, the strike at Spindletop near Beaumont in 1901 gained national attention, spurring exploration and development that continued | Texas oil boom The Texas oil boom, sometimes called the gusher age, was a period of dramatic change and economic growth in the U.S. state of Texas during the early 20th century that began with the discovery of a large petroleum reserve near Beaumont, Texas. The find was unprecedented in its size (worldwide) and ushered in an age of rapid regional development and industrialization that has few parallels in U.S. history. Texas quickly became one of the leading oil producing states in the U.S., along with Oklahoma and California; soon the nation overtook the Russian Empire as the top producer | eng_Latn | 3,110,109 |
the largest suppliers of petroleum oil in the world | parameters, number of vehicles in the world competing for fuel, quantity of oil exported to the world market (Export Land Model), net energy gain (economically useful energy provided minus energy consumed), political stability of oil exporting nations and ability to defend oil supply lines.ci The top three oil producing countries are Russia, Saudi Arabia and the United States. In 2018, due in part to developments in hydraulic fracturing and horizonal drilling, the United States became the world's largest producer. About 80 percent of the world's readily accessible reserves are located in the Middle East, with 62.5 percent coming from the | to a high of 53 percent for the Middle East, South and Central America (44%), Africa (41%), and North America (40%). The world at large consumes 30 billion barrels (4.8 km³) of oil per year, and the top oil consumers largely consist of developed nations. In fact, 24 percent of the oil consumed in 2004 went to the United States alone, though by 2007 this had dropped to 21 percent of world oil consumed. In the US, in the states of Arizona, California, Hawaii, Nevada, Oregon and Washington, the Western States Petroleum Association (WSPA) represents companies responsible for producing, distributing, | eng_Latn | 3,110,110 |
canada 's top 5 trading partners imports and exports | in selected years between 1980 and 2017. Inflation under 2% is in green. Canada and the United States are member states of international trade organizations, including NAFTA—replaced by the United States–Mexico–Canada Agreement (USMCA) negotiated in 2018, G7, G20, OECD and WTO. According to a Global Affairs Canada 2018 report, Canada's exports increased 5.7% to a record high in 2017 of $CAD546.7 billion—$29.2 billion above the exports level in 2016. In 2017 imports also rose to an all-time high of $CAD1,108 billion. In 2017, Canada’s exports increased to Japan, India, South Korea, Germany, the United Kingdom, and China. In September 2017, | economic co-operation. Comprising 28 Member States with a total population of over 500 million and a GDP of €13.0 trillion in 2012, the European Union (EU) is the world's largest single market, foreign investor and trader. As an integrated bloc, the EU represents Canada's second largest trading partner in goods and services. In 2008, Canadian goods and services exports to the EU totalled C$52.2 billion, an increase of 3.9% from 2007, and imports from the EU amounted to $62.4 billion. According to Statistics Canada, the EU is also the second largest source of foreign direct investment (FDI) in Canada, with | eng_Latn | 3,110,111 |
who has more oil saudi arabia or usa | United States from the early 20th century. The biggest commodity traded between the two nations is oil. The strength of the relationship is notoriously attributed to the United State's demand on oil throughout the post modern era, approximately 10,000 barrels of petroleum are imported daily to United States since 2012 ("U.S. Total Crude Oil and Products Imports"). Saudi Arabia has consistently been in need of weapons, reinforcement, and arms due to the consistent rising tensions throughout the Middle East during the late 20th century and early 21st century. Post 2016, the United States of America has continued to trade with | agreement in the Iran, when the U.S. removed oil sanctions on Iran and allowed them to sell their oil to the U.S. The relationship was also hindered by the oil market crash of 2014, where the US opened shares of Shale Oil Production which caused for the Saudi Arabian exports of oil to decrease by nearly fifty percent. This caused oil, which was formerly produced and sold at around $110 a barrel prior to the 2014 crash, to plummet to nearly $27 a barrel by the beginning of 2016. This relationship worsened after the U.S. legislation passed a bill of | eng_Latn | 3,110,112 |
where did the 1989 exxon valdez oil spill occur | Exxon Valdez oil spill The "Exxon Valdez" oil spill occurred in Prince William Sound, Alaska, March 24, 1989, when "Exxon Valdez", an oil tanker owned by Exxon Shipping Company, bound for Long Beach, California, struck Prince William Sound's Bligh Reef, 1.5 miles west of Tatitlek, Alaska at 12:04 am local time and spilled (or a mass of 35,000 metric tonnes) of crude oil over the next few days. It is considered to be one of the most devastating human-caused environmental disasters. The "Valdez" spill is the second largest in US waters, after the 2010 "Deepwater Horizon" oil spill, in terms | of volume released. Prince William Sound's remote location, accessible only by helicopter, plane, or boat, made government and industry response efforts difficult and severely taxed existing response plans. The region is a habitat for salmon, sea otters, seals and seabirds. The oil, originally extracted at the Prudhoe Bay oil field, eventually covered of coastline, and of ocean. According to official reports, the ship was carrying 53,094,510 gallons (1,264,155 barrels) of oil, of which about were spilled into the Prince William Sound. An approximate figure of was a commonly accepted estimate of the spill's volume and has been used by the | eng_Latn | 3,110,113 |
where does russia rank in the world economy | contributes 40% to total output. Mining (11% of GDP), manufacturing (13%) and construction (4%) are the most important industry segments. Agriculture accounts for the remaining 2%. This page includes a chart with historical data for Russia Exports.Imports in Russia decreased to 21296 USD million in January 2013 from 31436 USD million in December 2012. Imports in Russia is reported by the Central Bank of Russia. Historically, from 1994 until 2013, Russia imports averaged 11392.06 USD million reaching an all-time high of 31553 USD million in October 2012 and a record low of 2691 USD million in January 1999. Russia main | limits, when after years of strong performance, Russian economy expanded by a mere 1.3% in 2013. Several reasons have been proposed to explain the slowdown, including prolonged recession in the EU, which is Russia's largest trading partner, stagnant oil prices, lack of spare industrial capacity and demographic problems. Political turmoil in neighboring Ukraine added to the uncertainty and suppressed investment. According to survey provided by "Financial Times" in 2012, Russia was second by economic performance among G20, following Saudi Arabia. Economic performance estimate on seven measures: gross domestic product growth, budget deficit and government debt for 2012; economic recovery – | eng_Latn | 3,110,114 |
what sector of the u.s. economy consumes the greatest percentage of petroleum | energy supplied 6.8%, which was mainly from hydroelectric dams although other renewables are included. American dependence on oil imports grew from 24% in 1970 to 65% by the end of 2005. Transportation has the highest consumption rates, accounting for approximately 69% of the oil used in the United States in 2006, and 55% of oil use worldwide as documented in the Hirsch report. In 2013, the United States imported 2,808 million barrels of crude oil, compared to 3,377 million barrels in 2010. While the U.S. is the largest importer of fuel, "The Wall Street Journal" reported in 2011 that the | percent and gas 28 percent). In 2008 the United States consumed per day of petroleum products, of which 46 percent was gasoline, 20 percent diesel fuel and heating oil, and 10 percent liquefied petroleum gas. In 2015, the U.S. imported 24% of the petroleum it used, the lowest since 1970. The largest sources of U.S. imported oil were: Canada (40%), Saudi Arabia (11%), Venezuela (9%), Mexico (8%), and Colombia (4%). According to the American Petroleum Institute, the oil and natural gas industry supports nine million U.S. jobs and makes up seven percent of the nation's gross domestic product. The United | eng_Latn | 3,110,115 |
which country is second to opec in terms of oil production | his African neighbors Angola and Sudan to join, and Angola did in 2007, followed by Equatorial Guinea in 2017. Since the 1980s, representatives from Egypt, Mexico, Norway, Oman, Russia, and other oil-exporting nations have attended many OPEC meetings as observers, as an informal mechanism for coordinating policies. In October 1973, the Organization of Arab Petroleum Exporting Countries (OAPEC, consisting of the Arab majority of OPEC plus Egypt and Syria) declared significant production cuts and an oil embargo against the United States and other industrialized nations that supported Israel in the Yom Kippur War. A previous embargo attempt was largely ineffective | Longtime oil analyst Daniel Yergin "described the relationship between OPEC and shale as 'mutual coexistence', with both sides learning to live with prices that are lower than they would like." In December 2017, Russia and OPEC agreed to extend the production cut of 1.8million barrels/day until the end of 2018. Qatar announced it will withdraw from OPEC effective 1st of January 2019. According to the New York Times, this constitutes a strategic response to the ongoing Qatar boycott by Saudi Arabia, United Arab Emirates, Bahrain, and Egypt. OPEC The Organisation of the Petroleum Exporting Countries (OPEC, ) is an intergovernmental | eng_Latn | 3,110,116 |
what is the worst oil spill in history | An oil spill represents an immediate fire hazard. The Kuwaiti oil fires produced air pollution that caused respiratory distress. The "Deepwater Horizon" explosion killed eleven oil rig workers. The fire resulting from the Lac-Mégantic derailment killed 47 and destroyed half of the town's centre. Spilled oil can also contaminate drinking water supplies. For example, in 2013 two different oil spills contaminated water supplies for 300,000 in Miri, Malaysia; 80,000 people in Coca, Ecuador. In 2000, springs were contaminated by an oil spill in Clark County, Kentucky. Contamination can have an economic impact on tourism and marine resource extraction industries. For | Jebel al-Zayt oil spill The Jebel al Zayt oil spill occurred north of the Red Sea on June 16, 2010. It is considered to be the largest offshore spill in Egyptian history. The spill polluted around 100 miles (160 km) of coastline including tourist beach resorts. Oil company officials in the port city of Suez said the spill was caused by a leak from an offshore oil platform in Jebel al-Zayt north of Hurghada owned by the Egyptian government's state-owned oil company, Geisum Oil. The oil spill occurred in Egypt, north of the Red Sea. It polluted several tourist areas | eng_Latn | 3,110,117 |
where does us get most of its aluminum | The US also imported 33 percent of the aluminum metal that was used in 2014. Of the imported aluminum, 63% came from Canada. The US used to be a much more important factor in the world primary aluminum market. As recently as 1981, the US produced 30% of the world's primary aluminum, and for many years up through 2000, the US was the world's largest producer of primary aluminum. In 2014, by contrast, the US ranked sixth in primary aluminum production, and provided only 3.5% of world production. US production of primary aluminum peaked in 1980 at 4.64 million metric | Aluminum industry in the United States The aluminum industry in the United States in 2014 produced 1.72 million metric tons of primary aluminum, worth 3.97 billion dollars, at nine aluminum smelters. In addition, the US produced 1.70 million tons of secondary aluminum from old (post-consumer) scrap, and 1.93 million tons of aluminum from new (manufacturing) scrap. The US was the world's 6th largest producer of primary aluminum in 2014.The industry employed 29,000 people. In 2014, primary aluminum, which is produced from bauxite, was produced by three companies at nine smelters. Primary aluminum is preferred for high-quality uses such as aircraft. | eng_Latn | 3,110,118 |
who has more oil canada or saudi arabia | Middle East. Saudi Arabia is Canada's 17th largest trading partner. Saudi Arabia imported $1.5 billion worth of Canadian goods in 2015 according to the World Bank. Canada imported $1.5 billion worth of Saudi goods in 2015. From the end of 2012 until the middle of 2018, Saudi Arabia had become Canada's second largest export market in the Middle East. Much like Israel, most of the success of the former Canadian-Saudi relations was attributable to opposition to Iran and other countries in the region. On the bilateral relations with Saudi Arabia, economic and trade interests used to be at the forefront | sales were much more modest. An analyst with LeftField Commodity Research said in an interview with Reuters that "there will be plenty of opportunities for Canada to sell barley and wheat elsewhere". Global supplies of grain were already becoming tighter due to weather-related issues in Russia, Europe, and Australia. The former Canadian Wheat Board, now G3, is partly owned by the Saudi Arabian agriculture company SALIC. The value of the Canadian dollar dropped slightly, but, on 8 August, it reached its highest level in over seven weeks due to data indicating economic growth and record high exports in recent months. | eng_Latn | 3,110,119 |
who is responsible for deepwater horizon oil spill | by Anadarko Petroleum Corporation, and 10% by MOEX Offshore 2007, a unit of Mitsui. At approximately , on 20 April 2010, high-pressure methane gas from the well expanded into the drilling riser and rose into the drilling rig, where it ignited and exploded, engulfing the platform. At the time, 126 crew members were on board: seven BP employees, 79 of Transocean, and employees of various other companies. Eleven missing workers were never found despite a three-day U.S. Coast Guard (USCG) search operation and are believed to have died in the explosion. Ninety-four crew members were rescued by lifeboat or helicopter, | marine mammals. Between May and June 2010, the spill waters contained 40 times more polycyclic aromatic hydrocarbons (PAHs) than before the spill. PAHs are often linked to oil spills and include carcinogens and chemicals that pose various health risks to humans and marine life. The PAHs were most concentrated near the Louisiana Coast, but levels also jumped 2–3 fold in areas off Alabama, Mississippi and Florida. PAHs can harm marine species directly and microbes used to consume the oil can reduce marine oxygen levels. The oil contained approximately 40% methane by weight, compared to about 5% found in typical oil | eng_Latn | 3,110,120 |
who has the largest oil reserves in the world 2015 | Oil reserves in Venezuela The proven oil reserves in Venezuela are recognized as the largest in the world, totaling as of 1 January 2014. In early 2011, then-president Hugo Chávez and the Venezuelan government announced that the nation's oil reserves had surpassed that of the previous long-term world leader, Saudi Arabia. OPEC said that Saudi Arabia's reserves stood at in 2009. Venezuela's development of its oil reserves has been affected by political unrest in recent years. In late 2002, nearly half of the workers at the state oil company PDVSA went on strike, after which the company fired 18,000 of | (66.7 % of total) (bcm): 1) Russia 677 (20.0 %), 2) United States 651 (19.2 %), 3) Canada 160 (4.7 %), 4) Qatar 151 (4.5 %), 5) Iran 149 (4.4 %), 6) Norway 106 (3.1 %), 7) China 103 (3.0 %), 8) Saudi Arabia 92 (2.7 %), 9) Indonesia 92 (2.7 %), 10) Netherlands 81 (2.4 %) and World 3 388 (100 %). General: <br> Natural gas by country This article includes a chart representing proven reserves, production, consumption, exports and imports of natural gas by country. Below the numbers there is specified which position a country holds by the | eng_Latn | 3,110,121 |
who has the biggest oil reserve in the world | reservoir characteristics and limitations in petroleum extraction technologies, only a fraction of this oil can be brought to the surface, and it is only this producible fraction that is considered to be "reserves". The ratio of reserves to the total amount of oil in a particular reservoir is called the "recovery factor". Determining a recovery factor for a given field depends on several features of the operation, including method of oil recovery used and technological developments. Based on data from OPEC at the beginning of 2013 the highest proved oil reserves including non-conventional oil deposits are in Venezuela (20% of | global reserves), Saudi Arabia (18% of global reserves), Canada (13% of global reserves), and Iran (9%). Because the geology of the subsurface cannot be examined directly, indirect techniques must be used to estimate the size and recoverability of the resource. While new technologies have increased the accuracy of these techniques, significant uncertainties still remain. In general, most early estimates of the reserves of an oil field are conservative and tend to grow with time. This phenomenon is called "reserves growth". Many oil-producing nations do not reveal their reservoir engineering field data and instead provide unaudited claims for their oil reserves. | eng_Latn | 3,110,122 |
when did the united states become the world 's largest economy | average household and employee income among OECD nations, and in 2010, they had the fourth-highest median household income, down from second-highest in 2007. The United States has held the world's largest national economy (not including colonial empires) since at least the 1890s. It is the world's largest producer of oil and natural gas. In 2016, it was the world's largest trading nation as well as its second-largest manufacturer, representing a fifth of the global manufacturing output. The U.S. also has both the largest economy and the largest industrial sector, at 2005 prices according to the UNCTAD. The U.S. not only | a phase of rapid economic growth which doubled per capita income over the period. By 1895, the United States leaped ahead of Britain for first place in manufacturing output. For the first time, exports of machinery and consumer goods became important. For example, Standard Oil led the way in exporting kerosene; Russia was its main rival in international trade. Singer Corporation led the way in developing a global marketing strategy for its sewing machines. The greatly expanded railroad network, using inexpensive steel rails produced by new steel making processes, dramatically lowered transportation cost to areas without access to navigable waterways. | eng_Latn | 3,110,123 |
when did the exxon valdez oil spill occur | Exxon Valdez oil spill The "Exxon Valdez" oil spill occurred in Prince William Sound, Alaska, March 24, 1989, when "Exxon Valdez", an oil tanker owned by Exxon Shipping Company, bound for Long Beach, California, struck Prince William Sound's Bligh Reef, 1.5 miles west of Tatitlek, Alaska at 12:04 am local time and spilled (or a mass of 35,000 metric tonnes) of crude oil over the next few days. It is considered to be one of the most devastating human-caused environmental disasters. The "Valdez" spill is the second largest in US waters, after the 2010 "Deepwater Horizon" oil spill, in terms | spill have been studied. Immediate effects included the deaths of 100,000 to as many as 250,000 seabirds, at least 2,800 sea otters, approximately 12 river otters, 300 harbor seals, 247 bald eagles, and 22 orcas, and an unknown number of salmon and herring. In 2003, fourteen years after the spill, a team from the University of North Carolina found that the remaining oil was lasting far longer than anticipated, which in turn had resulted in more long-term loss of many species than had been expected. The researchers found that at only a few parts per billion, polycyclic aromatic hydrocarbons caused | eng_Latn | 3,110,124 |
where was the most gold found in the united states | during World War II by the War Production Board Limitation Order No. 208 in autumn 1942 was a major impact on the production until the end of the war. US gold production greatly increased during the 1980s, due to high gold prices and the use of heap leaching to recover gold from disseminated low-grade deposits in Nevada and other states. In 2016 the United States produced 209 tonnes of gold, worth about US$8.5 billion, and 6.7% of world production, making it the fourth-largest gold-producing nation, behind China, Australia and Russia. Most gold produced today in the US comes from large | mining began in 1852. Despite the new mining methods, by 1865 production was , less than one-quarter of peak production. Production sank to in 1929, but then soared to more than for each year 1939 through 1941, after the price was raised from $20.67 to $35 per ounce. However, the federal government, in War Production Board Order L-208, ordered gold mines closed, to free up resources for the war effort during World War II, and production fell to in 1943. Post-war gold production never reached the peak of the early 1940s, as inflation and the fixed price of gold eroded | eng_Latn | 3,110,125 |
when was oil first discovered in the us | inn where it was burned for illumination. Soon many gas wells were drilled in the area, and the gas-lit streets of Fredonia became a tourist attraction. On August 28, 1859, George Bissell and Edwin L. Drake made the first successful use of a drilling rig on a well drilled especially to produce oil, at a site on Oil Creek near Titusville, Pennsylvania. The Drake partners were encouraged by Benjamin Silliman (1779-1864), a chemistry professor at Yale, who tested a sample of the oil, and assured them that it could be distilled into useful products such as illuminating oil. The Drake | History of the petroleum industry in the United States The first successful oil well in North America was established in Oil Springs, Ontario, Canada in 1858. The field is still in production although quantities are low. The history of the petroleum industry in the United States goes back to the early 19th century, although the indigenous peoples, like many ancient societies, have used petroleum seeps since prehistoric times; where found, these seeps signaled the growth of the industry from the earliest discoveries to the more recent. Petroleum became a major industry following the oil discovery at Oil Creek Pennsylvania in | eng_Latn | 3,110,126 |
when do experts expect the extraction of oil will reach its peak | supply and demand is also a concern for growing cities in developing countries (where urban areas are expected to absorb most of the world's projected 2.3 billion population increase by 2050). Stressing the energy component of future development plans is seen as an important goal. Rising oil prices, if they occur, would also affect the cost of food, heating, and electricity. A high amount of stress would then be put on current middle to low income families as economies contract from the decline in excess funds, decreasing employment rates. The Hirsch/US DoE Report concludes that "without timely mitigation, world supply/demand | economy", oil production would have to remain stable after its peak, until 2035 at the earliest. Papers published since 2010 have been relatively pessimistic. A 2010 Kuwait University study predicted production would peak in 2014. A 2010 Oxford University study predicted that production will peak before 2015, but its projection of a change soon "... from a demand-led market to a supply constrained market ..." was incorrect. A 2014 validation of a significant 2004 study in the journal "Energy" proposed that it is likely that conventional oil production peaked, according to various definitions, between 2005 and 2011. A set of | eng_Latn | 3,110,127 |
when was the first oil refinery built in the us | 1906, the Caddo-Pine Island Field in northern Caddo Parish, Louisiana was discovered, and a rush of leasing and drilling activity ensued. In 1908, the first natural gas pipeline was constructed to transport gas from Caddo-Pine Island to Shreveport, Louisiana. This was one of the earliest commercial uses of natural gas, which was commonly viewed as an undesirable by-product of oil production and often "flared" or burnt off at the well site. Other innovations in the Caddo-Pine Island Field included the first over-water oil platform, which was constructed in the field on Caddo Lake in 1910. In that same year, a | History of the petroleum industry in the United States The first successful oil well in North America was established in Oil Springs, Ontario, Canada in 1858. The field is still in production although quantities are low. The history of the petroleum industry in the United States goes back to the early 19th century, although the indigenous peoples, like many ancient societies, have used petroleum seeps since prehistoric times; where found, these seeps signaled the growth of the industry from the earliest discoveries to the more recent. Petroleum became a major industry following the oil discovery at Oil Creek Pennsylvania in | eng_Latn | 3,110,128 |
why were interest rates so high in 1990 | Early 1990s recession in Australia The early 1990s recession saw a period of economic downturn affect much of the world in the late 1980s and early 1990s. The economy of Australia suffered its worst recession since the Great Depression. In October 1987, the international Stock Market Slump saw markets crash around the world. The crisis originated when Japan and West Germany pushed up interest rates, pressuring US rates also to rise, triggering a massive sell off of US shares. Global share prices fell an average of 25%, but Australia saw a 40% decline. 17 of the 18 major OECD economies | had subsided, although the Kuwaiti oil fires set by retreating Iraqi forces were not completely extinguished until November 1991, and it took years for the two countries' combined production to regain its former level. The U.S. Federal Reserve's monetary tightening in 1988 targeted the rapid inflation of the 1980s. By raising interest rates and lowering growth expectations, the Fed hoped to slow and eventually reduce inflationary pressures, creating greater price stability. The August 6 invasion was seen as a direct threat to the price stability the Fed sought. In fact, the Council of Economic Advisors published a consensus estimate that | eng_Latn | 3,110,129 |
who helped bring about the breakup of the standard oil monopoly | Standard Oil Standard Oil Co. Inc. was an American oil producing, transporting, refining, and marketing company. Established in 1870 by John D. Rockefeller and Henry Flagler as a corporation in Ohio, it was the largest oil refinery in the world of its time. Its history as one of the world's first and largest multinational corporations ended in 1911, when the United States Supreme Court, in a landmark case, ruled that Standard Oil was an illegal monopoly. Standard Oil dominated the oil products market initially through horizontal integration in the refining sector, then, in later years vertical integration; the company was | an "unreasonable" monopoly under the Sherman Antitrust Act, Section II. It ordered Standard to break up into 34 independent companies with different boards of directors, the biggest two of the companies were Standard Oil of New Jersey (which became Exxon) and Standard Oil of New York (which became Mobil). Standard's president, John D. Rockefeller, had long since retired from any management role. But, as he owned a quarter of the shares of the resultant companies, and those share values mostly doubled, he emerged from the dissolution as the richest man in the world. The dissolution had actually propelled Rockefeller's personal | eng_Latn | 3,110,130 |
when did the steel and aluminum tariffs start | Trump tariffs The Trump tariffs are a series of tariffs imposed during the presidency of Donald Trump as part of his economic policy. In January 2018, Trump imposed tariffs on solar panels and washing machines of 30 to 50 percent. Later the same year he imposed tariffs on steel (25%) and aluminum (10%) from most countries. On June 1, 2018, this was extended on the European Union, Canada, and Mexico. The only countries which remain exempted from the steel and aluminum tariffs are Australia and Argentina. Separately, on July 6, the Trump administration set a tariff of 25% on 818 | the 1990s. American industry and labor prospered after World War II, but hard times set in after 1970. For the first time there was stiff competition from low-cost producers around the globe. Many rust belt industries faded or collapsed, especially the manufacture of steel, TV sets, shoes, toys, textiles and clothing. Toyota and Nissan threatened the giant domestic auto industry. In the late 1970s Detroit and the auto workers union combined to fight for protection. They obtained not high tariffs, but a voluntary restriction of imports from the Japanese government. Quotas were two-country diplomatic agreements that had the same protective | eng_Latn | 3,110,131 |
where does the united states buy oil from | Petroleum in the United States Petroleum in the United States has been a major industry since shortly after the oil discovery in the Oil Creek area of Titusville, Pennsylvania in 1859. The petroleum industry includes exploration for, production, processing (refining), transportation, and marketing of natural gas and petroleum products. As of 2008, the U.S. was the world's third-largest oil producer (after Saudi Arabia and Russia), producing 8.5 million barrels of oil and natural gas liquids per day. The leading oil-producing area in the United States in 2014 was Texas ( per day), followed by the federal zone of the Gulf | the world's petroleum. In 1989, the United States contained 5 percent of the world's oil reserves. In 2007, state severance taxes amounted to $10.7 billion, mostly from oil, gas, and coal. States also received 50 percent of federal onshore oil and gas lease revenues within their borders, and 27 percent of federal offshore oil and gas revenues adjacent to their shorelines; the state share of federal revenues totalled $2.0 billion in 2007. By State: Petroleum in the United States Petroleum in the United States has been a major industry since shortly after the oil discovery in the Oil Creek area | eng_Latn | 3,110,132 |
which product does russia supply in large amounts to the rest of europe | imports are food (13% of total imports) and ground transports (12%). Others include: pharmaceuticals, textile and footwear, plastics and optical instruments. Main import partners are China (10% of total imports) and Germany (8%). Others include: Italy, France, Japan and United States. This page includes a chart with historical data for Russia Imports. Foreign trade of Russia - Russian export and import Foreign trade rose 34% to $151.5 billion in the first half of 2005, mainly due to the increase in oil and gas prices which now form 64% of all exports by value. Trade with CIS countries is up 13.2% | equipment (5.4%) and food (4.7%). Others include: agricultural raw materials (2.2%) and textiles (0.2%). Russia imports food, ground transports, pharmaceuticals and textile and footwear. Main trading partners are: China (7% of total exports and 10% of imports), Germany (7% of exports and 8% of imports) and Italy. This page includes a chart with historical data for Russia balance of trade. Exports in Russia decreased to 39038 USD million in January 2013 from 48568 USD million in December 2012. Exports in Russia is reported by the Central Bank of Russia. Historically, from 1994 until 2013, Russia Exports averaged 18668.83 USD million | eng_Latn | 3,110,133 |
who produces the most oil in the middle east | Oil reserves in Saudi Arabia The proven oil reserves in Saudi Arabia are the 2nd largest in the world, estimated to be (Gbbl hereafter), including 2.5 Gbbl in the Saudi–Kuwaiti neutral zone. They are predominantly found in the Eastern Province. These reserves were the largest in the world until Venezuela announced they had increased their proven reserves to 297 Gbbl in January 2011. The Saudi reserves are about one-fifth of the world's total conventional oil reserves, a large fraction of these reserves comes from a small number of very large oil fields, and past production amounts to 40% of the | Oil reserves in Iraq Oil reserves in Iraq are considered the world’s second -largest proven oil reserves, with 140 billion barrels. The sources for this oil is primarily located in the Shiite Muslims-majority and Arab Sunni Muslims-dominated areas on the other hand are comparatively lacking. As a result of military occupation and civil unrest, the official statistics have not been revised since 2001 and are largely based on 2-D seismic data from three decades ago. International geologists and consultants have estimated that unexplored territory may contain vastly larger reserves. The majority of Iraq's proven reserves of oil comes from the | eng_Latn | 3,110,134 |
where are the majority of sub-saharan africa 's oil reserves located | continent." African oil takes growing importance, mainly after the 2015 oil crisis and recent oil reserves discoveries. Sudan and Nigeria are two of the main oil producers. China owns 40% of Congo's oil production. Oil is provided by both continental and offshore productions. Sudan's oil exports in 2010 are estimated by the United States Department of State at $9 billion with United States dollars. Five countries dominate Africa's upstream oil production. Together they account for 85% of the continent's oil production and are, in order of decreasing output, Nigeria, Libya, Algeria, Egypt and Angola. Other oil producing countries are Gabon, | production. Major suppliers are South Africa, Ghana, Zimbabwe, Tanzania, Guinea, and Mali. South Africa had been first in the world in terms of gold production since 1905, but in 2007 it moved to second place, according to GFMS, the precious metals consultancy. Uranium is major commodity from the region. Significant suppliers are Niger, Namibia, and South Africa. Namibia was the number one supplier from Sub-Saharan Africa in 2008. The region produces 49% of the world's diamonds. By 2015, it is estimated that 25% of North American oil will be from Sub-Saharan Africa, ahead of the Middle East. Sub-Saharan Africa has | eng_Latn | 3,110,135 |
where can oil be found in the united states | Petroleum in the United States Petroleum in the United States has been a major industry since shortly after the oil discovery in the Oil Creek area of Titusville, Pennsylvania in 1859. The petroleum industry includes exploration for, production, processing (refining), transportation, and marketing of natural gas and petroleum products. As of 2008, the U.S. was the world's third-largest oil producer (after Saudi Arabia and Russia), producing 8.5 million barrels of oil and natural gas liquids per day. The leading oil-producing area in the United States in 2014 was Texas ( per day), followed by the federal zone of the Gulf | of most regulations. Although some oil was produced commercially before 1859 as a byproduct from salt brine wells, the American oil industry started on a major scale with the discovery of oil at the Drake Well in western Pennsylvania in 1859. US crude oil production peaked in 1970 at per day. 2013 production was per day of crude oil (not including natural gas liquids). The Energy Information Administration of the United States Department of Energy publishes extensive statistics on the production, importation, and uses of petroleum in the United States. In 1913, the United States was extracting 65 percent of | eng_Latn | 3,110,136 |
when did the modern oil industry come into being | la Sablonnière, by special appointment of Louis XV. The Pechelbronn oil field was active until 1970, and was the birthplace of companies like Antar and Schlumberger. The first modern refinery was built there in 1857. The modern history of petroleum began in the 19th century with the refining of paraffin from crude oil. The Scottish chemist James Young in 1847 noticed a natural petroleum seepage in the Riddings colliery at Alfreton, Derbyshire from which he distilled a light thin oil suitable for use as lamp oil, at the same time obtaining a thicker oil suitable for lubricating machinery. In 1846, | changed from coal, but also with the introduction of motor transport, tanks and airplanes. Such thinking would continue in later conflicts of the twentieth century, including World War II, during which oil facilities were a major strategic asset and were extensively bombed. In 1938, vast reserves of oil were discovered in the Al-Ahsa region along the coast of the Persian Gulf. Until the mid-1950s coal was still the world's foremost fuel, but after this time oil quickly took over. Later, following the 1973 and 1979 energy crises, there was significant media coverage on the subject of oil supply levels. This | eng_Latn | 3,110,137 |
where did the deepwater horizon oil spill happen | Deepwater Horizon oil spill The "Deepwater Horizon" oil spill (also referred to as the BP oil spill/leak, the BP oil disaster, the Gulf of Mexico oil spill, and the Macondo blowout) is an industrial disaster that began on 20 April 2010, in the Gulf of Mexico on the BP-operated Macondo Prospect, considered to be the largest marine oil spill in the history of the petroleum industry and estimated to be 8% to 31% larger in volume than the previous largest, the Ixtoc I oil spill. The U.S. government estimated the total discharge at . After several failed efforts to contain | by Anadarko Petroleum Corporation, and 10% by MOEX Offshore 2007, a unit of Mitsui. At approximately , on 20 April 2010, high-pressure methane gas from the well expanded into the drilling riser and rose into the drilling rig, where it ignited and exploded, engulfing the platform. At the time, 126 crew members were on board: seven BP employees, 79 of Transocean, and employees of various other companies. Eleven missing workers were never found despite a three-day U.S. Coast Guard (USCG) search operation and are believed to have died in the explosion. Ninety-four crew members were rescued by lifeboat or helicopter, | eng_Latn | 3,110,138 |
where are most of the us oil refineries located | Most large refineries are near navigable waterways, especially seaports or Great Lakes ports. The single largest concentration of refineries is along the Gulf Coast. Although there are refineries in 30 states, just three states dominate US refining: Texas (47 operating refineries), Louisiana (19), and California (18). As of January 2015, these three states contain 45% of all US refineries and 59% of all US refining capacity. The three largest-volume products of US refineries are gasoline, fuel oil (including diesel fuel and home heating oil), and aviation fuel, which together make up more than 84 percent of output. Petroleum refineries recover | 1981 and 1995, though the operating capacity stayed fairly constant in that time period at around . Increases in facility size and improvements in efficiencies have offset much of the lost physical capacity of the industry. In 1982 (the earliest data provided), the United States operated 301 refineries with a combined capacity of of crude oil each calendar day. In 2010, there were 149 operable U.S. refineries with a combined capacity of per calendar day. By 2014 the number of refinery had reduced to 140 but the total capacity increased to per calendar day. Indeed, in order to reduce operating | eng_Latn | 3,110,139 |
why is the us canada 's largest trading partner | Canada and the United States are the world's largest trading partners. The two nations have the world's longest shared border (), and also have significant interoperability within the defense sphere. Recent difficulties have included repeated trade disputes, environmental concerns, Canadian concern for the future of oil exports, and issues of illegal immigration and the threat of terrorism. Trade has continued to expand, especially following the 1988 FTA and North American Free Trade Agreement (NAFTA) in 1994 which has further merged the two economies. Co-operation on many fronts, such as the ease of the flow of goods, services, and people across | Canada–United States trade relations The trade relationship of the United States with Canada was the second largest in the world after China and the United States. In 2016, the goods and services trade between the two countries totaled $627.8 billion. U.S. exports were $320.1 billion, while imports were $307.6 billion. The United States had a $12.5 billion trade surplus with Canada in 2016. Canada has historically held a trade deficit with the United States in every year since 1985 in net trade of goods, excluding services. The trade relationship between the two countries crosses all industries and is vitally important | eng_Latn | 3,110,140 |
when did the oil and gas downturn start | to US$30.28 a barrel, the lowest since the financial crisis of 2007–2010 began. The price sharply rebounded after the crisis and rose to US$82 a barrel in 2009. In July 2008 oil reached a record peak of US$147.27 but by February 2009 it sank beneath $40 a barrel. On 31 January 2011, the Brent price hit $100 a barrel for the first time since October 2008, on concerns about the political unrest in Egypt. For about three and half years the price largely remained in the $90–$120 range. In the middle of 2014, price started declining due to a significant | 6 month period. Oil prices stabilized by August 2009 and generally remained in a broad trading range between $70 and $120 through November 2014, before returning to 2003 pre-crisis levels by early 2016. The price of crude oil in 2003 traded in a range between $20–$30/bbl. Between 2003 and July 2008, prices steadily rose, reaching $100/bbl in late 2007, coming close to the previous inflation-adjusted peak set in 1980. A steep rise in the price of oil in 2008 – also mirrored by other commodities – culminated in an all-time high of $147.27 during trading on 11 July 2008, more | eng_Latn | 3,110,141 |
where is the most gold found in the world | of about 21 meters. At $1,349 per troy ounce, 187,200 metric tonnes of gold would have a value of $8.9 trillion. , the world's largest gold producer by far was China with 455 tonnes. The second-largest producer, Australia, mined 270 tonnes in the same year, followed by Russia with 250 tonnes. Since the 1880s, South Africa has been the source of a large proportion of the world's gold supply, and about 50% of the gold presently accounted is from South Africa. Production in 1970 accounted for 79% of the world supply, about 1,480 tonnes. In 2007 China (with 276 tonnes) | depository in the world is that of the U.S. Federal Reserve Bank in New York, which holds about 3% of the gold known to exist and accounted for today, as does the similarly laden U.S. Bullion Depository at Fort Knox. In 2005 the World Gold Council estimated total global gold supply to be 3,859 tonnes and demand to be 3,754 tonnes, giving a surplus of 105 tonnes. After the August 15, 1971 Nixon shock, the price began to greatly increase, and between 1968 and 2000 the price of gold ranged widely, from a high of $850 per troy ounce ($27.33/g) | eng_Latn | 3,110,142 |
when was oil first used as an energy source | in China in the first century BCE. In addition, the Chinese were the first to use petroleum as fuel as the early as the fourth century BCE. The earliest known oil wells were drilled in China in 347 AD or earlier. They had depths of up to about and were drilled using bits attached to bamboo poles. The oil was burned to evaporate brine and produce salt. By the 10th century, extensive bamboo pipelines connected oil wells with salt springs. The ancient records of China and Japan are said to contain many allusions to the use of natural gas for | Age of Oil The Age of Oil, also known as the Oil Age or the Petroleum Age, refers to the era in human history characterised by an increased use of petroleum in products and as fuel. Though unrefined petroleum has been used for various purposes since ancient times, it was during the 19th century that refinement techniques were developed and gasoline engines were created. Although crude petroleum oil has been used for a variety of purposes for thousands of years, the Oil Age is considered to have started in the 1800s with the advance of drilling techniques, as well as | eng_Latn | 3,110,143 |
where does the us get its power from | CIA document shows that the U.S. used oil prices as leverage against the economy of the Soviet Union. Specifically, he argues that the U.S. intentionally worked with Saudi Arabia during the Reagan administration to keep oil prices low, thus decreasing the purchasing power of the Soviet Union's petroleum export industry. When combined with other U.S. efforts to drain Soviet resources, this was eventually a major cause in the dissolution of the Soviet Union. , the United States receives approximately 84% of its energy from fossil fuels. This energy is used for transport, industry, and domestic use. The remaining portion comes | the United States was the world's third-largest producer of crude oil, after Saudi Arabia and Russia. and second largest exporter of refined products, after Russia. As of March 2015, 85% of crude oil imports came from (in decreasing volume): Canada, Saudi Arabia, Mexico, Venezuela, and Colombia. Greater energy self-sufficiency, it was claimed, would prevent major supply disruptions like the 1973 oil crisis and the 1979 energy crisis from recurring. Proponents argue that the potential for political unrest in major oil suppliers, such as Saudi Arabia, Venezuela, and Nigeria, is abundant, and often causes great fluctuations in crude oil prices (especially | eng_Latn | 3,110,144 |
where was the first excavation of oil done | inn where it was burned for illumination. Soon many gas wells were drilled in the area, and the gas-lit streets of Fredonia became a tourist attraction. On August 28, 1859, George Bissell and Edwin L. Drake made the first successful use of a drilling rig on a well drilled especially to produce oil, at a site on Oil Creek near Titusville, Pennsylvania. The Drake partners were encouraged by Benjamin Silliman (1779-1864), a chemistry professor at Yale, who tested a sample of the oil, and assured them that it could be distilled into useful products such as illuminating oil. The Drake | Oil well An oil well is a boring in the Earth that is designed to bring petroleum oil hydrocarbons to the surface. Usually some natural gas is released along with the oil. A well that is designed to produce only gas may be termed a gas well. The earliest known oil wells were drilled in China in 347 CE. These wells had depths of up to about and were drilled using bits attached to bamboo poles. The oil was burned to evaporate brine and produce salt. By the 10th century, extensive bamboo pipelines connected oil wells with salt springs. The | eng_Latn | 3,110,145 |
largest importer of crude oil in the world | 52.2 percent of world exports. Malaysian exports total 37.9 percent. The biggest consumers of palm oil are India, the European Union, and China, with the three consuming nearly 50 percent of world exports. Thailand's Department of Internal Trade (DIT) usually sets the price of crude palm oil and refined palm oil. Thai farmers have a relatively low yield compared to those in Malaysia and Indonesia. Thai palm oil crops yield 4–17 percent oil compared to around 20 percent in competing countries. In addition, Indonesian and Malaysian oil palm plantations are 10 times the size of Thai plantations. In the 1960s, | in the United States, but is responsible for only 2% of electricity generation. Petroleum's worth as a portable, dense energy source powering the vast majority of vehicles and as the base of many industrial chemicals makes it one of the world's most important commodities. The top three oil producing countries are Saudi Arabia, Russia, and the United States. About 80% of the world's readily accessible reserves are located in the Middle East, with 62.5% coming from the Arab 5: Saudi Arabia (12.5%), UAE, Iraq, Qatar and Kuwait. However, with high oil prices (above $100/barrel), Venezuela has larger reserves than Saudi | eng_Latn | 3,110,146 |
what state in the us produces the most oil | In 2013, the country produced 30.0 trillion cubic feet (TCF) of marketed gas. The leading gas-producing area in the United States in 2013 was Texas (7,545 Billion cubic feet (BCF), followed by Pennsylvania (3,259 BCF), and Louisiana (2,407 BCF). US Natural gas production achieved new record highs for each year from 2011 through 2015. Marketed natural gas production in 2015 was 28.8 trillion cubic feet, a 5.4% increase over 2014, and a 52% increase over the production of 18.9 trillion cubic feet per day in 2005. The natural gas industry includes exploration for, production, processing, transportation, storage, and marketing of | of Mexico ( per day), followed by North Dakota ( per day) and California ( per day). In 2015, US production of crude oil rose to 9.48 million barrels per day, the highest annual rate since 1972, and an increase of 90% from the 2008 production of 5.00 million barrels per day. On a monthly basis, however, US production peaked in April 2015 at 9.63 million barrels per day, then declined due to lower oil prices to 8.74 million barrels per day in August 2016. US Natural gas production achieved new record highs for each year from 2011 through 2014. | eng_Latn | 3,110,147 |
where are the largest palm oil plantations located | Palm oil production in Indonesia Palm oil production is important to the economy of Indonesia as the country is the world's biggest producer and consumer of the commodity, providing about half of the world's supply. Oil palm plantations stretch across 6 million hectares (roughly twice the size of Belgium). Indonesia plans by 2015 to add 4 million additional hectares destined to oil palm biofuel production. As of 2012, Indonesia produces 35% of the world's certified sustainable palm oil (CSPO). In addition to servicing traditional markets, Indonesia is looking to put more effort into producing biodiesel. China and India are the | rubber and tin. The FELDA land settlement schemes were introduced surrounding most of the palm oil plantation fields to eradicate poverty among the local people. In the same period, Malaysia also became the world's largest palm oil exporter. In the 1980s, the government nationalized three major palm oil companies, which were Guthrie, Golden Hope and Sime Darby. As of 2016, palm oil plantation accounted for a total land use of 57,400 km in Malaysia. In 2012, the Malaysian palm oil industry employed an estimated 491,000 workers. Malaysia's Sime Darby is the largest listed palm oil company globally, based on plantation | eng_Latn | 3,110,148 |
where did the oil industry begin in the south in 1901 | Texas oil boom The Texas oil boom, sometimes called the gusher age, was a period of dramatic change and economic growth in the U.S. state of Texas during the early 20th century that began with the discovery of a large petroleum reserve near Beaumont, Texas. The find was unprecedented in its size (worldwide) and ushered in an age of rapid regional development and industrialization that has few parallels in U.S. history. Texas quickly became one of the leading oil producing states in the U.S., along with Oklahoma and California; soon the nation overtook the Russian Empire as the top producer | to the oil industry in the U.S. The first oil refiner in the United States opened in 1861 in Western Pennsylvania, during the Pennsylvanian oil rush. Standard Oil, which had been founded by John D. Rockefeller in Ohio, became a multi-state trust and came to dominate the young petroleum industry in the U.S. Texans knew of the oil that lay beneath the ground in the state for decades, but this was often seen more as a problem than a benefit because it hindered the digging of water wells. Rancher William Thomas Waggoner (1852–1934), who later became an influential oil businessman | eng_Latn | 3,110,149 |
what is the primary basis for the economy of saudi arabia | recorded at SAR 94 billion, with 13.9% annual growth, and reached approximately SAR 102 billion in 2013, with approximately 14% annual growth. The e-commerce market was estimated at just over $1 billion in 2001. Economy of Saudi Arabia The Economy of Saudi Arabia is one of the top twenty economies in the world (G20). It is dependent on oil as the country has the second-largest proven petroleum reserves, and it’s the largest exporter of petroleum in the world. It also has the fifth-largest proven natural gas reserves and is considered an "Energy Superpower". With a total worth of US$34.4 trillion, | while in 2012 the average price for a small free-standing home in Riyadh is more than double that—1.23 million SR ($328,000). A major reason for the high cost of housing is the high cost of land. In urban areas the price of land has been bid up because nearly all of it is owned by the Saudi elite (members of the royal family or other wealthy Saudis), who have lobbied the government for land "giveaways". Landlords have seen prices rocket by 50% from 2011 to 2013. The owners benefit from these price increases as they hold the land for future | eng_Latn | 3,110,150 |
highest producer of crude oil in the world | parameters, number of vehicles in the world competing for fuel, quantity of oil exported to the world market (Export Land Model), net energy gain (economically useful energy provided minus energy consumed), political stability of oil exporting nations and ability to defend oil supply lines.ci The top three oil producing countries are Russia, Saudi Arabia and the United States. In 2018, due in part to developments in hydraulic fracturing and horizonal drilling, the United States became the world's largest producer. About 80 percent of the world's readily accessible reserves are located in the Middle East, with 62.5 percent coming from the | consumption growth is expected to continue; however, not at previous rates, as China's economic growth is predicted to decrease from the high rates of the early part of the 21st century. India's oil imports are expected to more than triple from 2005 levels by 2020, rising to 5 million barrels per day (790×103 m/d). Another significant factor affecting petroleum demand has been human population growth. The United States Census Bureau predicts that world population in 2030 will be almost double that of 1980. Oil production per capita peaked in 1979 at 5.5 barrels/year but then declined to fluctuate around 4.5 | eng_Latn | 3,110,151 |
who is the largest auto manufacturer in the world | Automotive industry by country This article provides an overview of the automotive industry in countries around the world. The United States was the world's largest automobile producer by volume from the early years of the 20th century until the 1980s, when it was overtaken by Japan. In 2009, China became the world's largest vehicle producer. Algeria's automotive industry is among the largest on the African continent (together with South Africa, Egypt and Morocco) and can exceed 500,000 units a year. Renault is the largest manufacturer with an estimated 25.5 percent of the national car market. Other carmakers represented there include | units produced. The only current domestic Mexican automobile manufacturers are Mastretta and DINA, both of which source their engines from foreign manufacturers. The American automobile industry began in the 1890s and rapidly evolved into the largest automotive producer in the World through the use of mass-production. The industry began with hundreds of manufacturers, but by the end of the 1920s it became dominated by three large companies - General Motors, Ford and Chrysler. After the Great Depression and World War II, these companies continued to prosper and the US produced near 3/4 of all automobiles in the world at 1950. | eng_Latn | 3,110,152 |
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