PETROLEUM OR CRUDE OIL ENERGY

The Petroleum or CRUDE OIL reserves in the United States as of the end of 2009 are approximately 39.0 billion barrels. In 2010 2/3 of the total petroleum consumption was for transportation, mainly gasoline. Other uses are Industrial 23%, Residential and Commercial 5%, and 1% for Electric Power.  The United States imports less than half of its oil consumption.

The above information shows the importance of increasing the exploration of oil all over the world and set correct priorities for its use.  The maximum usage of oil is in transportation, and for that reason it is imperative that more NATURAL GAS (which is very abundant in this country) is used for this purpose. This can be accomplished by converting the fuel used on large trucks from gasoline or diesel oil to natural gas. Approximately 60 % of the oil imported by the United States is used in transportation.