Crude oil and other liquids produced from fossil fuels are refined into petroleum products that people use for many different purposes. Biofuels are also used as petroleum products, mostly in mixtures with gasoline and diesel fuel.
Almost 90 per cent of chemical products contain oil, most of all plastics. For example polyethylene is the basis for mobile phone casings, cling wrap and beverage bottles. Transparent polycarbonate is used to make CDs, DVDs and Blu-ray discs. But oil is not just in plastic. In the production of aspirin and other medicines, cosmetics, fertilizers, paints and varnishes, crude oil is a raw material for which there is no suitable alternative.
America is the world’s leading producer of oil and natural gas. The oil and gas industry supports millions of American jobs, provides lower energy costs for consumers, and ensures our energy security.
Between 2012 and 2025, the oil and gas industry is projected to provide $1.6 trillion in federal and state tax revenue, supporting the maintenance of schools, hospitals, and public infrastructure across the country.
The affordability and accessibility of oil and gas here at home is infusing hundreds of billions of dollars into new American manufacturing, supporting the development of new jobs, infrastructure, and economic opportunity in communities throughout the country.
Lower energy costs, driven by our massive oil and gas supply, support private sector investment in the U.S. and further economic growth.
The importance of crude oil cannot be overstated. It is a major source of energy, generating heat and powering various types of vehicles and machinery. It is also used as a component in many of the products that we use every day, including plastics, paints, and cosmetics as previously stated above.
Oklahoma ranks as the fourth-biggest producer of oil in the United States, a country that in 2020 outproduced the likes of Russia and Saudi Arabia and for the first time earned status as a net exporter of oil.
Firehouse Energy is proud to be a part of America's oil production!
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