Why Form 8865 Petroleum 2024

We all know about oil drilling, but there are way more ways to get fossil fuels out of the ground. So let's drink that milkshake, hey everybody, thank you for watching dnews today. I'm Trace. Fossil fuels are a worldwide essential resource. We use coal, petroleum, natural gas, propane, diesel, kerosene, and so on for manufacturing, fuel, power, and heat. Honestly, they're just part of everything that we do almost every day. Fossil fuels are made from the decomposed remains of tiny plants and animals which died hundreds of millions of years ago in ancient oceans that covered our planet. These organisms sank to the bottom where anaerobic bacteria digested the biomass before the heat and pressure of the Earth's crust pressed on them for millions of years. Today, we extract these substances in various ways for so many uses. Again, I cannot even list them all here. Plastics, shipping, construction, power - they would take way too long. The most popular fossil fuel used today is oil. The first oil well was drilled in 1859 and could extract 800 gallons of crude oil a day, way more than anyone saw the need for at the time. But in January 2015, humans produced about 94 million barrels of oil every day. Most of our oil doesn't come from the Middle East, but from homegrown production. We only imported 27 percent of our overall usage of oil in 2014, the lowest since 1985. What we do import comes mainly from Latin America and Canada. The reason we've become an oil producer and not a sole oil consumer is hydraulic fracturing in North Dakota, Texas, Oklahoma, and New Mexico. This controversial fossil fuel extraction practice uses lots of water and fluid to fracture the Earth's crust, releasing the oil and natural gas...