- The US gets about half its oil and petroleum products imports from the Western Hemisphere. Canada is our #1 supplier.
- In addition to crude oil at about 8.5 million barrels per day, the US imports about 1,000,000 barrels per day of gasoline (42 million gallons per day) and 2,000,000 barrels per day of other refined petroleum products such as diesel fuel.
- Only 1.2 gallons per 44 gallons of product made from a 42-gallon barrel of crude oil goes to make chemical feedstocks for plastics, paint, synthetic rubber, and petrochemicals. That’s not quite 3%. (While there may be good reasons for using less plastic, saving enough oil to make the USA oil independent is not one of them.) There’s an internet message going around that says it takes 12 million barrels of oil per year to make all the plastic bags we use. Not true—79% of North American plastic grocery bags are made from natural gas, not oil. Even if it were true, 12 million barrels a year is only 14 hours of total U.S. oil consumption out of the entire year.
- Platinum, palladium, the rare-earth elements lanthanum, neodymium, and praseodymium, an unusual clay mineral called halloysite, and natural and synthetic zeolites are among the mineral commodities needed in petroleum refining. America relies on imports for most of these materials: platinum from South Africa, palladium from Russia, rare earths from China. New Mexico supplies the greatest volume of natural zeolites, and one mine in Utah is the world’s largest known deposit of halloysite.
- The Middle East has something like half to two-thirds of all the oil in the world. Why? It takes several pages in the book to explain in detail, but the simple answer is a series of lucky accidents of geology.
Public domain pumpjack image via Wikipedia.