Abundant

Abundant

  • abundant-xSmall 2.jpgThere's an abundant - and safe - supply of Oilheat to keep all of America warm and comfortable for many years to come. In the United States today, 6.4 million households use Oilheat. Based on an average of 2.6 or more persons per household, it is estimated that over 16.5 million consumers in our nation benefit from heating oil each year. (US Census Bureau, 2013 ACS One Year Survey)
  • There are over 50 oil-producing countries, and the U.S. is not dependent on any one country or region for its supply.
     
Crude Oil Imports Top 10 Countries, 2014
(According to the U.S. Energy Information Administration)  
  Country Imports (bbl/day)
1. Canada 3,388,000
2. Saudi Arabia 1,166,000
3. Mexico 842,000
4. Venezuela 789,000
5. Iraq 369,000
6. Russia 330,000
7. Columbia 318,000
8. Kuwait 311,000
9. Ecuador 215,000
10. Brazil 160,000
 
  • Crude oil is produced in 31 states.  The top 10 producing states, according to the Department of Energy/Energy Information Administration, are:
     
STATE THOUSAND BARRELS
Texas 106,843
North Dakota 37,111
California 16,854
Alaska 13,941
New Mexico 12,709
Oklahoma 10,504
Colorado 10,316
Wyoming 8,238
Louisiana 5,073
Kansas 3,794

See map: http://www.eia.gov/state/rankings/?sid=US#/series/46

  • US production of crude oil is at its highest levels in decades, and is forecasted to average more than 9 million barrels per day (bbl/d) in 2015.  If realized, the 2015 forecast would be the highest annual average crude oil production since the 1970s. (source: eia.gov Short Term Energy Outlook)
  • The U.S. Strategic Petroleum Reserve has a capacity of 727-million barrels, and is the largest stockpile of government-owned emergency crude oil in the world.
  • The Northeast Home Heating Oil Reserve is a one-million barrel supply of ultra-low sulfur heating oil for homes and businesses in the Northeast.