Incredible and fun facts to explore

Barrels Oil facts

While investigating facts about Barrels Oil Equivalent and Barrels Oil To M3, I found out little known, but curios details like:

Sarah Rector who in 1913 at age 10 was known as "Richest Colored Girl in the world". After being given a land grant that unknowingly produced 2,500 barrels of oil a day. Soon she received a daily revenue of $300 (approx $2.6 million annually today) and marriage offers worldwide at age 12

how to buy barrels of oil?

The Federation of Quebec Maple Syrup Producers has a “Fort Knox” vault of Maple Syrup. A barrel is worth about $1,200 or $2.88 per pound which is 10-18 times the value of U.S. crude oil.

What is barrels of oil equivalent?

In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what to do with old oil barrels. Here are 50 of the best facts about Barrels Oil Per Day and Barrels Oil Price I managed to collect.

what does a million barrels of oil look like?

  1. About the Taylor oil spill which has been going on since 2004 leaking 300-700 barrels a day

  2. Sarah Rector, a young black girl, became a millionaire at the age of 11 in 1913 when the land she had been deeded under the Dawes Allotment Act produced a ‘gusher’ that brought in 2500 barrels of oil a day

  3. Right beneath Beverly Hills is an active, productive oilfield that has been active for over a century, and as of 2009, still has 11 million barrels of oil left to be mined, and includes an oil rig located right next to the Beverly Hills high school, disguised as an ordinary building.

  4. Refining a 42 gallon barrel of crude oil yields 20gal gasoline, 7gal diesel, and 17gal of petroleum byproducts such as propane, ammonia and plastic material, totaling 44 gallons; a net gain of 2 gallons.

  5. Between 560,000 and 1,400,000 barrels of oil leak into the Gulf every year from natural oil seeps. Oil that dissolves into or mixes with water can be broken down by bacteria—and, fortunately, the Gulf of Mexico is loaded with oil-eating bacteria.

  6. The United States produces 10+ Million barrels of oil a day. 20% more than Saudi Arabia.

  7. Rats are sometimes eaten in parts of France. In Bordeaux, there is a recipe that calls for the use of alcoholic rats who live in wine cellars. The rats are skinned and eviscerated, brushed with a thick sauce of olive oil and crushed shallots, and grilled over a fire of broken wine barrels.

  8. Venezuela has the largest proven oil reserves in the world, totaling 297 billion barrels. In addition to conventional oil, Venezuela has oil sands deposits similar in size to those of Canada, and approximately equal to the world's reserves of conventional oil.

  9. Due to "processing gains" we get nearly 45 gallons of refined petroleum products from one 42-gallon barrel of crude oil, because refined products have a lower specific gravity than crude oil.

  10. Saddam spilled between 2 million and 6 million barrels of oil in the Persian gulf during the Gulf war, creating a slick 101 miles (160 km) by 42 miles (68 km) and 5 inches (13 cm) thick in some areas. It has never been cleaned up.

barrels oil facts
What is 1 billion barrels of oil worth?

Why is cardenas shown standing on a pile of oil barrels?

You can easily fact check why is crude oil measured in barrels by examining the linked well-known sources.

The oil and fracking industry are pumping 60,000,000 barrels a day of hazardous waste water with high-levels of cancer-causing chemicals back into the ground.

In 2009 the Timor Sea was the location of Australia's worst oil spill. The spill lasted from August 21 to November 3, and each day it is estimated that the equivalent of 400 barrels oil were leaked.

When they first struck oil in Texas in 1901, the Spindletop geyser shot oil over 150 feet into the air for nine days, losing an estimated million barrels, before they could cap it.

In 2010 an oil rig exploded in the Gulf of Mexico, dumping 210 million gallons of oil over 87 days into the Gulf of Mexico. This is equivalent to 62,000 barrels of oil a day for 87 days straight.

Do oil barrels explode when shot?

In 1866 oil producers in Pennsylvania agreed upon a standard measurement for sales. The 40 gallon whisky barrel was the most common sized used but they went with the 42 gallon English wine barrel instead. 150 years later crude oil is still priced and sold by the 42 gallon barrel.

How many barrels of oil in a tanker?

In 1979 the price of oil more than doubled because people dramatically over reacted to a 4% reduction in oil production caused by the Iranian revolution. US law capped oil prices at $6 A BARREL, but companies raised the price of gas as if they were paying the international prices instead.

Up to 233 billion barrels of oil discovered in South Australia, with a potential value of $20 trillion. These reserves, if correctly estimated and are able to be extracted, rival that of Saudi Arabia.

The amount of oil used (17 million barrels) to manufacture the plastic water bottles used each year could provide gas for one million cars for a year.

The whale in Moby Dick was partially inspired by a real albino whale named Mocha Dick who was 70-feet long and covered in barnacles. It was estimated he survived roughly 100 skirmishes with whalers. After he was killed his body yielded 100 barrels of oil

An oil trader who went into his office and bought 7 million barrels of crude oil while blackout drunk, the volume of the trade caused the price of Brennt oil to rise sharply for a short moment.

Interesting facts about barrels oil

There are an estimated 800 million barrels of oil located under Yasuni National Park's surface. This is equal to roughly 20% of the country's reserves. Efforts to raise the money needed to protect the reserves without harming Ecuador's economy have not been sufficient.

Beverly Hills High School has a 150-foot tall oil derrick on its grounds called the "Tower of Hope". Hundreds of barrels of oil and hundreds of thousands of cubic feet of gas recovered each day from school property together pay for most of its expenses including teachers' salaries.

One man, while black out drunk,caused the price of Brent Crude oil to rise by over $1.50 a barrel within a short period of time, a trend generally associated with major geopolitical events.

Venezuela is providing Cuba with 53,000 barrels (8,000 m³) of below-market-rate oil a day in exchange for the service of thousands of physicians, teachers, sports trainers, and other skilled professionals

In the US, a "barrel" of oil is 42 gallons instead of the more common 55 gallon barrel. This comes from the original method of storing oil in readily available alcohol barrels of the time.

How many barrels of oil in a futures contract?

It is believed there may be as many as 30 billion barrels of oil and gas reserves in the Chukchi Sea Shelf.

Saudi Aramco is by far the world's most valuable corporation and has 250 BILLION barrels of oil in reserve

An oil spill occurred in the Gulf of Mexico in 2010 when a platform sank after an explosion roughly 50 miles from Louisiana. It was estimated that 5,000 barrels of oil spilled into the Gulf of Mexico each day until they were able to stop it.

The third largest unintentional oil spill in the world's history occurred in the Bay of Campeche in 1979. A massive explosion occurred after an exploratory oil well had a blowout. It is estimated that 300,000 barrels of crude oil spilled into the Gulf of Mexico as a result of the accident.

There is an oil field in the Gulf of Mexico called "Who Dat Field" with 100-300 million barrels of oil

In the Permian Basin of West Texas, for every barrel of oil produced, another 4 to 10 barrels of salt water are produced as the remnants of an ancient inland sea

Nearly five years after the 4.9 million barrel Deepwater Horizon oil spill, between 1 million to 5 million barrels of oil continue to leak into the Gulf of Mexico every year . . . due to natural oil seepages that have nothing at all to do with humans.

In 2018, there were 1.73 trillion barrels of oil in the world. That's enough to last another 50 years since the world uses 95 million barrels per day. Venezuela has 303.3 billions of barrels, about 17.3% of the total. Saudi Arabia has 297.7 billion barrels, 17.2%. Canada has 9.7% of world total.

The average person working 5 days a week for 11 years generates the same work energy as 1 barrel of crude oil.

Some individuals sell devices called "solvent traps" meant to be threaded onto the barrel of firearms and allow the attachment of oil filters or homemade suppressors. They cost around $9, but can result in federal charges if a person has one on their rifle.

Upwards of 50 billion disposable plastic water bottles are created each year for the United States alone, consuming over 17 million barrels of oil. Only 1 in 5 bottles are recycled.

There is an estimated 6.05 trillion barrels of shale oil in the world, with the largest resource deposits in the United States accounting for more than 80% of the world total resource. For comparison, at the same time the world's proven oil reserves are estimated to be 1.6976 trillion barrels.

Cuba probably has between 4.6bil and 20 bil barrels of oil reserves which could make it one of the top 20 countries with the biggest oil reserves

Saudi Aramco, the Saudi Arabian national petroleum and natural gas company has an estimated value of US$10 trillion making it the world's most valuable company. Saudi Aramco has total assets estimated at US$30 trillion, and the largest proven crude oil reserves at more than 260 billion barrels.

The heart, over an eighty-year lifespan, produces about as much energy as combusting half a barrel of oil.

This is our collection of basic interesting facts about Barrels Oil. The fact lists are intended for research in school, for college students or just to feed your brain with new realities. Possible use cases are in quizzes, differences, riddles, homework facts legend, cover facts, and many more. Whatever your case, learn the truth of the matter why is Barrels Oil so important!

Editor Veselin Nedev Editor