You keep up with industry trends and fluctuations because
that's your business. But how much do ordinary Americans know
about oil? We're not talking about subsea construction or
geophysical software applications – basic facts about where
it comes from. Oil and Gas Investor published the results
of a survey about domestic and global oil sources. How do you think
people did on this quiz? As the saying goes, the answers may
surprise you!
Many of the respondents were under the outdated impression that
Saudi Arabia has the most oil. Over half said that Saudi Arabia
produced the most oil in the world. In fact, the U.S. now claims
that title! When asked who had the world's largest oil reserve,
who do you think they guessed? Saudi Arabia again – but the
real answer is Venezuela. And who did they guess the U.S. imports
the most oil from? Almost 70% said Saudi Arabia, when in fact
it's our neighbors to the north. We get a third of our oil from
Canada and only 13% from Saudi
