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Even prior to a declaration of war by the United States, shortages of coal were experienced in the winter of 1916-17. To address concerns about a steady supply of fuel to support military and industrial operations and for use by consumers, in 1917 the Federal Fuel Administration was established and US President Woodrow Wilson appointed Harry A. Garfield to lead the agency.
In 2008, US exports of gas oil (home heating fuel) surged to a 31% market share in the EU, up from 5% the previous year; in 2011, US imports held a 37% market share of gasoil in the EU. [21] There has been discussion that EU refineries would have to shut down without government intervention.
In May 2019, the United States produced a record 12.5 million barrels of oil per day and it is expected to reach to a record 13.4 million barrels per day by the end of 2019. [ 32 ] In 2020, U.S. refineries produced about 18.375 million barrels of petroleum products per day.
This record output is helping to keep gasoline prices lower, with the national average now at $3.11 a gallon. According to Gas Buddy , prices at the pump are projected to see another yearly ...
* Oil consumption exceeded 100 million bpd in 2023 for thefirst time ever, following a 2% year-on-year rise. * Oil supply growth was met by non-OPEC+ producers, withU.S. output gaining 9% on the year.
In the last three and a half years, US oil production — and oil and gas company profits — have broken records. The top five US-based oil and gas companies by market cap, according to S&P ...
Due to the 1973 oil crisis, the Navy and the Office of Naval Petroleum and Oil Shale Reserves started evaluations of oil shale's suitability for military fuels, such as jet fuels, marine fuels and a heavy fuel oil. Shale-oil based JP-4 jet fuel was produced until the early 1990s, when it was replaced with kerosene-based JP-8. [4] In 1974 the ...
Oct. 29—AUSTIN — With more than 15 million records digitized in the past year, the Railroad Commission of Texas now has 83.4 million oil and gas records that can be searched and viewed online ...