Oil Industry Facts
Facts about Oil

-After Titusville struck oil, the town’s population grew from “250 to 10,000 residents almost overnight”(5).

-US oil production was 2,000 bbls in 1859. (5)

-US oil production was 64,000,000 in 1900. (5)

-The Alyeska Pipeline is 800 miles long and 48 inches wide. (5)

-“In 1996 there were 1,047,200 million barrels of proven crude oil reserves”.(6)

-“Amount of oil produced per day:

Saudi Arabia* - 8.1 million barrels per day;

*Including share of production from the Neutral Zone

Former Soviet Union - 6.9 million barrels per day;


United States - 6.5 million barrels per day;


I.R. Iran - 3.6 million barrels per day;


China - 3.2 million barrels per day”.(6)


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-“The top oil user is the USA (17 million barrels per day) and top gas user is the former Soviet Union (23,000 billion cubic feet per year)”(6)


-“The total world consumption of crude oil in 1996 was 71.7 million barrels per day”(6)

-“Countries that have the world's largest proven crude oil reserves are (1996):
Saudi Arabia (261,444 millions of barrels);
Iraq (112,000 millions of barrels);
United Arab Emirates (97,800 millions of barrels);
Kuwait (96,500 millions of barrels);
IR Iran (92,600 millions of barrels)”.(6)

- “Oil supplies the US with 30% of its energy, 50% for the UK, 10% for Japan, 22% for India and 90% for Nigeria”(6)

-“Natural gas supplies the US with 26% of its energy, 18% for the UK, 4% for India and 3% for Japan”(6)

oil rig



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