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Oil industry


 

The Oil industry brings to market what is currently considered the lifeblood of nearly all other industry, if not industrialized civilization itself. Oil accounts for 40 % of the United States' energy supply and a comparable percentage of the world?s energy supply. The US currently consumes 7.5 billion barrels (1.2 km³) of oil per year, while the world consumes 30 billion barrels (4.8 km³) per year. The U.S., and most of the world, are net importers of the resource.

Related Topics:
Industry - Civilization - United States - Barrels

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