Contract DE-AC36-83CH10093 Fossil Fuel: Oil 1

Abstract

barrels of oil (7.2 million barrels of crude oil plus 1.7 million barrels of natural gas liquids), while importing almost 8 million barrels. Much of the easiest oil to produce has already been extracted from existing fields, and improved technologies will be required to recover and refine the generally lower quality remaining resource. RESOURCE Oil is a liquid fossil fuel produced in 31 states and the federal outer continental shelf from onshore (82%) and offshore (18%) wells. In 1992, the United States produced 8.9 million barrels of oil per day (BOPD), including natural gas liquids; 1.0 million BOPD were exported, mostly to Mexico, Japan, and the Virgin Islands. In 1992, the United States imported 7.9 million BOPD; the largest suppliers were Saudi Arabia

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