Cashflow and Icy’s Oil Adventures Cashflow and Icy’s Oil Adventures
Once upon a time, there were little living beings that lived a MILLION years ago.
Petroleum is in many things you use daily such as soap, pens and pencils These little beings lived in the deepest darkest part of earth!
America uses 18.69 million barrels of oil every day. The Americanâ€™s get their oil from Saudi Arabia, Russia, and ourselves.
The united states produces the third most oil a day which is over 9 million barrels. We get oil from oceans, or deep holes that we drill down into.
â€œOpecâ€? is a short name for The Organization of the Petroleum Exporting Countries. Some of the members are
Saudi Arabia produces the second most oil which is over 9 million 700 thousand barrels a day.
Russia produces the most oil a day which is over 9 million 900 thousand barrels.
Iran, Iraq, Kuwait, Saudi Arabia, Venezuela, Algeria, Angola, Indonesia, Libya, Nigeria, Qatar, and United Arab Emirates making a total 12 members.
The price of crude oil today is $83.17, and the price of natural gas today is $3.30 per gallon
Many products such as Basketballs, footballs, bike tires, life jackets, and sweaters have petroleum (oil) in them.