From the pages of
Sublette Examiner
Volume 3, Number 4 - April 24, 2003
brought to you online by Pinedale Online

Facts about Oil

Oil provides about 40 percent of the energy Americans consume and 97 percent of our transportation fuels.

The U.S. oil industry employs nearly 1.4 million people.

Total remaining technically recoverable U.S. oil may exceed 162 billion barrels - about 25 years' worth at the current rate of consumption. World reserves may exceed 2.3 trillion barrels.

In 1998, the U.S. oil industry spent $8.5 billion to protect the environment. Since 1990, the industry has spent over $83 billion to protect the environment.

Since 1991, we have collected over 100 million gallons of used motor oil at 12,000 drop-off centers in 47 states and the District of Columbia to help motorists properly dispose of used oil.

Motorists pay an average of 44.2 cents per gallon in gasoline taxes. That's about $300 for every licensed driver every year.

Since 1981, when the price per gallon of motor gasoline was $2.64, the price per gallon has fallen almost $1.25 per gallon to one of the lowest levels in the history of recorded pump prices.

It takes 37 new cars today to produce the tailpipe pollution of one new car in the 1960s because of cleaner burning gasoline and improved automobile technology.

Source: Independent Petroleum Association of Mountain States

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