Chapter 51: Oil
Oil is measured in barrels (42 gallons/159 litres).
The US consumes 19 million barrels per day. The global daily consumption of oil lies at around 84 million barrels.
Texas is the leading state in crude oil production.
Fertilizer, plastics, car tires, ammonia, perfumes and even bubble gum are synthesized using petroleum products obtained during the crude oil refining process.
Crude oil can be anywhere between a water like consistency to a nearly solid.
The oil spill from 2010 spilled 4.2 million barrels of oil into the gulf of Mexico. (264,936,000$ worth of oil based on the current price)
The US has 4% of the world population, but uses 25% of the world's oil.
John D. Rockefeller, revolutionized and dominated the oil industry in the late 19th and early 20th century, had a net worth measuring $1.4 trillion at the time of his death.
The worlds oil reserves will run out in around 50 years.
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