The Concept of “Fracking” and How Hydraulic Fracturing Works, the Number of Barrels of Oil the U.S. Produces Per Day and the Number of Barrels of Oil the U.S. Public Requires Per Day, the Size of the U.S. Population in Comparison to the Population of the World and the Volume of the Earth’s Oil the U.S. Public Consumes Annually, the Highest Economic Cost of Oil in History and the Year This Occurred, How Crude Oil is Processed and Manufactured Into Petroleum Products, the Concept of “Fractional Distillation” and How Crude Oil Fractionation and Product Yield Works, and the Usage of Oil Within Various Disparate Products

Anthony Ambrosius Aurelius

5 years ago

The term "fracking" is short for "hydro fracturing" which consists of pumping water underground to excavate shale rock which holds oil that is difficult to get to. The US produces 8,000,000 (8 million) barrels of oil per day, but requires 18,000,000 (18 million) barrels of oil per day. The US only constitutes 4.5% of the worlds population but consumes 20% of the world's oil. On July 11, 2008 the price of oil peaked at $147.00 USD which is the highest price ever recorded. Crude oil comes in train...

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