After having a look at the oil imports of the United States, you might be surprised to know that the United States is the world’s third largest producer of crude oil. Around the Gulf of Mexico, is situated the biggest production region, and Texas is the largest oil producing state. In the Gulf Coast region is situated two important oil producing areas these are the Permian Basin, which is located in west-central Texas and eastern New Mexico, and also the federal offshore portion of the Gulf. The names of other big oil-producing states are Alaska, Louisiana, California, Oklahoma and Arizona.
Though it is the fact that the United States is producing so much oil but then also it is still heavily dependent on foreign sources for its oil supplies. It is due to the reason that the US depends so much on other oil producing countries that the country crippled during the oil embargo of 1973 and 1974. In order to ensure that the US might not face this situation again, the federal government formed the Strategic Petroleum Reserve (SPR). When most of the domestic oil is sent directly to refineries and then to the consumer market, simultaneously, some of it is held back and sent to the SPR to store it.
You might also like
|
|
|
|
|
{ 0 comments }
