What Are The Most Common Uses Of Oil And Gas?

What Are The Most Common Uses Of Oil And Gas?

Most people have heard about the gas and oil industry and how it continues to have a heavy influence on our nation’s economy. What many people may not know though, is how exactly oil and gas are used in our everyday lives currently. Having a strong understanding of the oil and gas industry, and how it is used can give you a better understanding of our economy and how major industries can cause fluctuations. Oil Uses To begin, let’s examine how the United States uses oil, before examining how our continued use is affecting the greater industry altogether. According to the U.S. Energy Information Administration, the top areas that petroleum, which is created from crude oil, is used include transportation, followed by industrial uses. 71% of the petroleum that is used each day in the United States is for transportation purposes. In 2017, approximately 47% of the total petroleum use was for gasoline that is used in people’s cars. While oil is used in a variety of other ways, transportation accounts for a significant portion of the country’s oil consumption. Gas Uses On the other end of the industry is natural gas. Like oil, gas continues to have a significant influence on today’s society. One of the most common and well-known uses of gas is to power homes. Not only does gas provide electricity to homes across the nation, but is also commonly used for daily necessities like kitchen appliances, including the stove and oven. Additionally, gas can be used to heat homes and commercial buildings as needed. Gas has also been used for things like heating water. Outside...