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Petroleum refining in the United States in 2024 had a capacity of 18.4 million barrels per day. [2] Although the US was the world's largest net importer of refined petroleum products as recently as 2008, the US became a net exporter in 2010, and in 2014 was the largest exporter and the largest net exporter of refined petroleum. [ 3 ]
During the American Civil War, the oil-producing region spread over much of western Pennsylvania, up into western New York state, and down the Ohio River valley into the states of Ohio, Kentucky, and the western part of Virginia (now West Virginia). The Appalachian Basin continued to be the leading oil-producing region in the United States ...
Location of United States petroleum refineries, 2012. The United States petroleum refining industry, the world's largest, is most heavily concentrated along the Gulf Coast of Texas and Louisiana. In 2012, US refiners produced 18.5 million barrels per day of refined petroleum products. [18] Of this amount, 15 percent was exported. [19]
The single remaining refinery in Hawaii now also includes refining assets previously owned and operated as "Hawaii Refinery" by Chevron Corporation with up to 54,000 bbl/d (8,600 m 3 /d) in additional capacity. Chevron sold their Hawaii Refinery to newly formed Island Energy Services LLC in 2016, and IES sold the refining assets to Par Hawaii ...
In 1883, Ohio ranked fifth among oil-producing states, behind Pennsylvania, West Virginia, New York, and California; its total production of 47,000 barrels of oil that year was less than one percent of the nation's oil output. But Ohio production climbed rapidly, and in 1895 Ohio became America's leading oil-producing state.
Standard Oil refinery in Cleveland, 1899. Ohio was a world leader in oil production in the late 19th and early 20th centuries. The Ohio oil and natural gas industries employ 14,400 citizens, resulting in $730 million in wages. The industries paid $202 million in royalties to landowners, and $84 million in free energy. [7]
By 1871, refining capacity had grown to over 12 million barrels per year, more than twice the amount of oil that was actually processed in that year. The first oil exchange in the US was established in Titusville in January 1872 in response to rumors that a conspiratorial ring of crude oil traders in New York City had cornered the market. [18]
In 1754 the British governor of Virginia wanted to gain control of the Ohio Valley, which was under French control. He ordered George Washington to lead troops into the valley. The latter took off in April of this year. When Washington and his soldiers arrived, they began to build a small fort, the future Fort Necessity.