The United States of America is the largest consumer of crude oil. It is a net importer of oil from around the world.
\nHowever, domestic oil production is now becoming non-trivial.<\/p>\n
Each day<\/strong>, the US produces 7.5 Million Barrels of Oil<\/strong>. That equates to:<\/p>\n 7,500,000 x $106 = $795,000,000<\/strong> = $795 Million a day. ($0.795 Billion)<\/strong><\/p>\n Yes, US crude oil production is worth a staggering\u00a0$795 Million<\/strong> a day to the US Economy.<\/p>\n","protected":false},"excerpt":{"rendered":" The United States of America is the largest consumer of crude oil. It is a net importer of oil from around the world. However, domestic oil production is now becoming non-trivial. Each day, the US produces 7.5 Million Barrels of Oil. A barrel of oil is about $106 That equates to: 7,500,000 x $106 = […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-367","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=367"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/367\/revisions"}],"predecessor-version":[{"id":368,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/367\/revisions\/368"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nA barrel of oil is about $106<\/strong><\/p>\n