A Barrel of Oil: More Than Just Fuel

By: Nick Stanley / May 9, 2018

While the implications of the United States withdrawing from the Iran nuclear deal are still unknown, the oil industry as a whole is watching ever so closely.  The Trump campaign claims that sanctions are to be put back on Iran, which could limit the crude oil exports from their country. 

One of crude oil’s heaviest uses is when it enters the refining process to create petroleum products people use daily, but let’s take a step back from the fuel aspect of oil, and take a look at other products that can be made from one barrel of crude.

barrel

From toothbrushes to dustpans and even t-shirts, one barrel of crude oil has the ability to effect a variety of consumer goods throughout the U.S.  As we watch and wait to see how the re-imposed sanctions pan out, it’s important to understand that crude oil plays a larger part in our economy than just petroleum products.

Sources:

http://www.businessinsider.com/things-that-can-be-made-with-one-barrel-of-oil-2016-9

https://www.eia.gov/energyexplained/index.php?page=oil_use


Categories: nucleardeal, Iran, US crude, Crude Exports, Industry Update


Nick Stanley

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Nick Stanley

By listening to each of my customers unique fueling needs, I am able to pair them with the best solution. Through effective communication, I provide the highest level of personal customer service which creates long lasting professional relationships.


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