Introduction
Crude oil, sometimes called black gold, is the fuel that powers modern society. We use it for everything, from fueling our cars to creating plastic with residue and by-products. Because of its value and usefulness, it is a highly-priced commodity that every country is desperate to get its hands on. Oil is a fossil fuel, and its deposits are limited and found only in specific areas. As a result, countries that have oil reserves and the capability of harvesting them are often much richer than those that don’t. Indeed, the need for oil has sparked many conflicts throughout history, including many in the Middle East.
Currently, the country that produces the most oil in the world is the U.S. It has an abundance of natural oil fields, alongside being a pioneer in fracking technology, i.e. extracting fossil fuel trapped within shale rock by widening cracks in the Earth’s crust with water, chemicals, and sand at high pressures. As the U.S. is a leading producer, it exports its surplus to countries that have a shortfall in production and high demand for oil.
If you would like to know more about the U.S. oil imports by country, please refer to the data in the charts.
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