USA is one of the prominent names for crude oil buyers all over the world. According to an estimate, USA alone produced around 9 million barrels of crude oil per day in 2005 and yet exported more than13 million barrels every day from other countries!
Considering that US is one of the numerous crude oil buyers, the figures are an eye opener as regards the massive oil consumption per day worldwide. In addition, exploration for newer natural gas well drilling opportunities is ongoing.
If you have watched movies and TV shows including ‘Giant’ and ‘Armageddon’, you may already have an impression of how natural gas well drilling works. It’s an elaborate process and very expensive too.
The thick black oil extracted out of natural gas well drilling is the crude form of gasoline jet fuel, kerosene and natural gas. It is also used to manufacture items like tires, crayons, synthetic fibers et al. Hence, many companies are also avid crude oil buyers.
Considering that US is one of the numerous crude oil buyers, the figures are an eye opener as regards the massive oil consumption per day worldwide. In addition, exploration for newer natural gas well drilling opportunities is ongoing.
If you have watched movies and TV shows including ‘Giant’ and ‘Armageddon’, you may already have an impression of how natural gas well drilling works. It’s an elaborate process and very expensive too.
The thick black oil extracted out of natural gas well drilling is the crude form of gasoline jet fuel, kerosene and natural gas. It is also used to manufacture items like tires, crayons, synthetic fibers et al. Hence, many companies are also avid crude oil buyers.
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