Much of the news today relates to the price of crude oil and fuel. The United States leads the world in its consumption of petroleum. In 2017, the United States consumed a total of 7.26 billion barrels of petroleum products, an average of about 19.88 million barrels per day. ¹
- April 20, 2018: “The U.S. auto industry has begun a push to replace 87 octane as the default “regular” gasoline—with 95 octane.” Source
How does Petroleum affect our lives?
Petroleum is used to make gasoline, diesel fuel, fuel oil for heating, lubricants, solvents, motor oils/additives, plastics, jet fuel, propane, kerosene, ink, crayons, wax, paraffin wax, dishwashing liquids, deodorant, eyeglasses, CD/DVD’s, tires, ammonia, fertilizers, pesticides, bulk tar, asphalt, sulphur, sulfuric acid and many other products.
A barrel of petroleum is equal to 42 U.S. gallons. (BPD= Barrels Per Day)
The average price of crude oil in 1990 was apx. $39.00 per barrel. By 2009 the price p/b was $60.00. On March 18, 2011, the price of crude oil closed at $101.62 p/b. *On April 22, 2018, the price of oil was $68.38 per barrel. Source.
June 4, 2018: In 1970, the average (annual) wage of workers in America was $6,186.24 (or about $3.20 per hour.) ¹ ² The price shown in the ad indicates the cost of gasoline was about 10% of the average (hourly) wage earned in 1970. The Bureau of Labor Statistics ¹ indicates the national average (hourly) wage for May, 2018 is $26.92. Indiana’s average hourly wage was listed at $21.13 ¹ and its current price of gas is averaging $2.99 p/g.¹ The current average (U.S.) cost per gallon for gasoline is $2.952. ¹
U.S. petroleum deliveries in February, 2011 were 19.7 million b/p/d. In that same month, gasoline deliveries amounted to 9.0 million b/p/d, and fuel oil deliveries were 4.0 million b/p/d. (Ultra-Low Sulphur Distillants). U.S. crude oil production in February, 2011 was 5,428,000 barrels per day, of which 645,000 barrels was Alaskan oil.
“In 2017, the United States imported approximately 10.1 million barrels per day (MMb/d) of petroleum from about 84 countries.” “In 2017, the United States exported about 6.3 MMb/d of petroleum to 180 countries. About 82% of total petroleum exports were petroleum products. The resulting net imports (imports minus exports) of petroleum were about 3.7 MMb/d.” “In 2017, U.S. net imports (imports minus exports) of petroleum from foreign countries were equal to about 19% of U.S. petroleum consumption.1 This was the lowest percentage since 1967.”–Source
U.S. refineries produce between 19 and 21 gallons of motor gasoline from one barrel (42 gallons) of crude oil. The rest of the barrel gets turned into other petroleum products like diesel fuel, heating oil, jet fuel, and propane.
- 2009 Info: Americans used about 378 million gallons per day of gasoline in 2009. With about *305 million people in the United States, that equals more than a gallon of gasoline every day for each man, woman, and child. It has been reported that approximately 250 million vehicles are on the road in the U.S. (*June 2, 2018 population is now 327,833,231) See real time population clocks ⇒ ¹ ²
- 2017: “In 2017, about 143.85 billion gallons (or about 3.40 billion barrels) of finished motor gasoline were consumed in the United States, a daily average of about 391.40 million gallons (or about 9.32 million barrels per day). There are 42 U.S. gallons in a barrel. In 2017, the United States produced an average of about 9.3 million barrels per day (b/d) of crude oil, about 3.7 million b/d of hydrocarbon gas liquids (natural gas plant liquids and liquefied refinery gases), and about 1.1 million b/d of biofuels, for a petroleum production total of about 14.2 million b/d.” Sources.
- 2017: “How much petroleum does the United States import and export?” Answer. ¹
- “In 2010, there were 159,006 gas stations in the U.S. Between 1994 and 2013, the number of retail fueling sites in the U.S. fell from 202,800 to 152,995—a 25 percent decline.” Source.
- API (the American Petroleum Institute) has stated “there are more than 9.2 million U.S. jobs (7.5% of the nation’s economy) associated with the oil and natural gas industry, and this industry has invested over 2 trillion dollars in U.S. capital projects.”
- U. S. Fuel price averages as of March 18, 2011; (Gasoline) $3.57 per gallon average; Highest- California- $3.95 p/g and the Rocky Mtn. region was the lowest, with $3.36 p/g. (Diesel) $3.91 per gallon average; Highest- California- $4.17 p/g and the Gulf Coast region reported the lowest average of $3.84 p/g. *Current average U.S. cost per gallon is $2.952 (June 3, 2018).
- Why is diesel fuel so expensive? Why fuel prices increase in the Spring. See a chart showing the historical pricing of gasoline here.
- “Crude oil and liquid fuels demand in 2017 averaged 98.5 million barrels per day worldwide, an increase of 2.9 million barrels per day over 2016. Demand is projected to increase to 100.2 million barrels per day in 2018 and 102.0 million barrels per day in 2019.” (Source: U.S. Energy Information Administration, Short-Term Energy Outlook, February 2018)”
- Estimated breakdown of gasoline cost per gallon; (Jan. 2011 info) “One gallon regular grade gasoline: $3.10 Less *13% for taxes ($0.40.3; Less 9% ($0.27.9) for distributing and marketing cost; Less 11% ($0.34.1) for refining cost; LESS 67% ($2.08) for crude oil.” *Actual taxes: Indiana gasoline tax is $0.21 cents per gallon (+ sales tax) for regular gas, and the Federal tax per gallon is $0.24.4 cents. At $0.08 cpg, Alaska has the lowest State gasoline tax. The highest, Washington @ $0.37.5 cpg. ¹
- 2018: Indiana gasoline tax, per gallon = State & other taxes $0.42.6 p/g + Fed. tax = Total tax $0.61 p/g. ¹
- May, 2018: “Indiana is heading into the Memorial Day weekend ¹ tied with California for the largest gas price increase in the U.S. over the past year.” ²
Are The Greatest Oil Reserves Of The World, Untapped?
Most of the largest oil reserves in the world are believed to be in Saudi Arabia; Iraq; Iran; Kazakhstan; Brazil; Venezuela; Alaska, USA; Mexico; Russia and Canada. Some believe the oil reserves in Alaska may equal or surpass those in the Middle East. ¹ Read the USGS report regarding Alaska oil ¹ and other U.S. oil reserves here. See the National Oil & Gas Assessment here. A list of countries–by proven oil reserves. ¹
Was Petroleum mentioned in the Bible?
Construction Of Noah’s Ark: Genesis 6: 14 14Make thee an ark of gopher wood; rooms shalt thou make in the ark, and shalt pitch it within and without with pitch.
What are Slimepits?
Genesis 11: 3 3And they said one to another, Go to, let us make brick, and burn them thoroughly. And they had brick for stone, and slime had they for morter.
Genesis 14: 10 10And the vale of Siddim was full of slimepits; and the kings of Sodom and Gomorrah fled, and fell there; and they that remained fled to the mountain.
Moses’ Ark: Exodus 2: 3 3And when she could not longer hide him, she took for him an ark of bulrushes, and daubed it with slime and with pitch, and put the child therein; and she laid it in the flags by the river’s brink.
Smith’s Bible Dictionary: translated bitumen in the Vulgate. “The three instances in which it is mentioned in the Old Testament are illustrated by travellers and historians. It is first spoken of as used for cement by the builders in the plain of Shinar or Babylonia. (Genesis 11:3) The bitumen pits in the vale of Siddim are mentioned in the ancient fragment of Canaanitish history, (Genesis 14:10) and the ark of papyrus in which Moses was placed was made impervious to water by a coating of bitumen and pitch. (Exodus 2:3) Herodotus, i. 179, tells us of the bitumen found at Is, the modern Heet, a town of Babylonia, eight days journey from Babylon. Bitumen, or asphalt, is “the product of the decomposition of vegetable and animal substances. It is usually found of a black or brownish-black color, externally not unlike coal, but it varies in a consistency from a bright, pitchy condition, with a conchoidal fracture, to thick, viscid masses of mineral tar.”–Encyclopedia Britannica.
- In this last state it is called in the Bible slime, and is of the same nature as our petroleum, but thicker, and hardens into asphalt. It is obtained in various places in Europe, and even now occasionally from the Dead Sea. ¹
Pitch: “The three Hebrew words so translated all represent the same object, viz., mineral pitch or asphalt in its different aspects. Asphalt is an opaque, inflammable substance which bubbles up from subterranean fountains in a liquid state, and hardens by exposure to the air, but readily melts under the influence of heat.
In the latter state it is very tenacious, and was used as a cement in lieu of mortar in Babylonia (Genesis 11:3) as well as for coating the outside of vessels, (Genesis 6:14) and particularly for making the papyrus boats of the Egyptians water-tight. (Exodus 2:3) The Jews and Arabians got their supply in large quantities from the Dead Sea, which hence received its classical name of Lacus Asphaltites.” M.G. Easton M.A., D.D., Illustrated Bible Dictionary, Third Edition, published by Thomas Nelson, 1897.
Pitch; Tar; “The word “tar” is often used to describe several distinct substances which are not actually tar. Naturally occurring “tar pits” (e.g. the La Brea Tar Pits in Los Angeles) actually contain asphalt rather than tar. Tar sand deposits contain various mixtures of sand (or rock) with bitumen or heavy crude oil and not tar, as does the Tar Tunnel in Shropshire. “Rangoon tar”, also known as “Burmese Oil” or “Burmese Naphtha“, is actually petroleum. “Tar” and “pitch” are sometimes used interchangeably; however, pitch is considered more solid while tar is more liquid.” ¹
Some Opponents Of Petroleum & Fossil Fuels Predict Global Warming ¹
Should believers be concerned about “global warming”–and man’s so called wisdom regarding the destruction of earth? 1 Corinthians 2:5 That your faith should not stand in the wisdom of men, but in the power of God. Proverbs 21:30 There is no wisdom nor understanding nor counsel against the LORD. 1 Corinthians 3:19 For the wisdom of this world is foolishness with God. For it is written, He taketh the wise in their own craftiness.
“In Their Own Words: Climate Alarmists Debunk Their ‘Science; “The threat of environmental crisis will be the international disaster key to unlock the New World Order.”–Mikhail Gorbachev; former Soviet Union President; 1996.
1 Corinthians 1:20 Where is the wise? where is the scribe? where is the disputer of this world? hath not God made foolish the wisdom of this world?
Matthew Henry; “While the earth remains, and man upon it, there shall be summer and winter. It is plain that this earth is not to remain always. It, and all the works in it, must shortly be burned up; and we look for new heavens and a new earth, when all these things shall be dissolved. But as long as it does remain…” Genesis 8: 22 22While the earth remains, Seedtime and harvest, And cold and heat, And summer and winter, And day and night Shall not cease.
The Truest Definition Of ‘Climate Change’? ”The weather often changeth without notice, and is constant almost in its inconstancy!”—Wm. Penn; 1683