Trump details US oil strategy in Venezuela
Digest more
At present, oil extraction in the United States sits at record levels of roughly 13.2 million barrels per day. No wonder oil is so expensive. Wait, what’s that you say? U.S. extraction at record levels is causing oil prices to rise? Aren’t oil prices a ...
Colorado and Utah have as much oil as Saudi Arabia, Iran, Iraq, Venezuela, Nigeria, Kuwait, Libya, Angola, Algeria, Indonesia, Qatar and the United Arab Emirates combined. That's not science fiction. Trapped in limestone up to 200 feet thick in the two ...
Oil forms when organic material – the remains of living things – gets compressed and heated under layers of sediment. Some social media users are claiming this process occurs as quickly as the substance can be extracted. Oil "regenerates within the ...