Cashflow and Icy’s Oil Adventures

Cashflow and

Icy’s Oil

Adventures

Once upon a time, there were

little living beings that

lived a MILLION years ago.

Petroleum is in many things you use daily such as soap, pens and pencils

These little beings lived in

the deepest darkest part of

earth!

The American’s get their oil

from Saudi Arabia, Russia, and

ourselves.

America uses 18.69 million bar-rels of oil every day.

The united states produces the

third most oil a day which is

over 9 million barrels.

We get oil from oceans, or deep

holes that we drill down into.

“Opec” is a short name for

The Organization of the Petro-

leum Exporting Countries.

Some of the members are

Saudi Arabia produces the se-

cond most oil which is over 9

million 700 thousand barrels a

day.

Russia produces the most oil a

day which is over 9 million 900

thousand barrels. Iran, Iraq, Kuwait, Saudi Ara-

bia, Venezuela, Algeria, Angola,

Indonesia, Libya, Nigeria, Qa-

tar, and United Arab Emirates

making a total 12 members.

The price of crude oil today is

$83.17, and the price of natural

gas today is $3.30 per gallon

Many products such as Basket-

balls, footballs, bike tires, life

jackets, and sweaters have pe-

troleum (oil) in them.