{"id":517952,"date":"2010-04-06T13:21:00","date_gmt":"2010-04-06T17:21:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/oil-price-high-states-2010-4"},"modified":"2010-04-06T13:21:00","modified_gmt":"2010-04-06T17:21:00","slug":"the-13-states-covered-in-oil-and-cashing-in-on-higher-prices","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/517952","title":{"rendered":"The 13 States Covered In Oil And Cashing In On Higher Prices"},"content":{"rendered":"

\"Texas<\/a>Oil prices are soaring as a result of economic indicators such as shipping and manufacturing data suggesting a return to global growth.<\/p>\n

Many U.S. states are set to benefit from this growth. Others will have to deal with rising inner-state demand simultaneously, so may not see the benefits of this growth.<\/p>\n

But judging by the amount of crude oil made in these states, someone within them is going to benefit from rising prices.<\/p>\n

Check out the 13 states ><\/a><\/strong><\/h2>\n

Colorado: 1.5 million barrels of oil in October 2009<\/h2>\n

\"Colorado:<\/div>\n

Colorado’s share of crude oil production is 0.9%, and ranks a low 35th in the nation in per capita energy consumption.<\/p>\n

Source: U.S. Energy Information Administration<\/a><\/em><\/p>\n

<\/p>\n

Utah: 1.9 million barrels of oil in October 2009<\/h2>\n

\"Utah:<\/div>\n

Utah produces 1.1% of the nation’s crude oil output has 4 of the nation’s largest 100 oil fields.<\/p>\n

There are shale oil deposits in Utah, which have not been completely tapped or explored.<\/p>\n

Source: U.S. Energy Information Administration<\/a><\/em><\/p>\n

<\/p>\n

Mississippi: 2.0 million barrels of oil in October 2009<\/h2>\n

\"Mississippi:<\/div>\n

Mississippi produced 1.2% of the country’s crude oil in October 2009, but the state does not produce enough energy to meet its own needs.<\/p>\n

Source: U.S. Energy Information Administration<\/a><\/em><\/p>\n

<\/p>\n

Montana: 2.2 million barrels of oil in October 2009<\/h2>\n

\"Montana:<\/div>\n

Montana holds 1.7% of the country’s oil reserves. and produces 1.7% of the U.S.’s energy.<\/p>\n

It ranks 6 in energy consumption per capita.<\/p>\n

Source: U.S. Energy Information Administration<\/a><\/em><\/p>\n

<\/p>\n

Kansas: 3.2 million barrels of oil in October 2009<\/h2>\n

\"Kansas:<\/div>\n

Kansas produced 1.9% of the U.S. total crude oil in October 2009, while having 1.3% of the nation’s reserves.<\/p>\n

Per capita, the state ranks 14th in total energy consumption.<\/p>\n

Source: U.S. Energy Information Administration<\/a><\/em><\/p>\n

<\/p>\n

Wyoming: 4.3 million barrels of oil in October 2009<\/h2>\n

\"Wyoming:<\/div>\n

While Wyoming produced 2.5% of the nation’s crude oil in October 2009, it is the nation’s second biggest consumer of energy per capita.<\/p>\n

Wyoming produces 14.4% of the nation’s total energy.<\/p>\n

Source: U.S. Energy Information Administration<\/a><\/em><\/p>\n

<\/p>\n

New Mexico: 5.2 million barrels of oil in October 2009<\/h2>\n

\"New<\/div>\n

New Mexico produces 3.1% of the country’s crude oil, but nearly 10% of U.S. natural gas.<\/p>\n

The states consumption of energy per capita is relatively low compared to other big producers, ranking 20th in the country.<\/p>\n

Source: U.S. Energy Information Administration<\/a><\/em><\/p>\n

<\/p>\n

Oklahoma: 5.5 million barrels of oil in October 2009<\/h2>\n

\"Oklahoma:<\/div>\n

While Oklahoma is a big oil producing state, it is also one of the country’s biggest natural gas producers, having 12 massive natural gas fields.<\/p>\n

Oklahoma ranks 11th in energy consumption per capita.<\/p>\n

Source: U.S. Energy Information Administration<\/a><\/em><\/p>\n

<\/p>\n

Louisiana: 5.9 million barrels of oil in October 2009<\/h2>\n

\"Louisiana:<\/div>\n

Louisiana is home to 4 of the U.S. strategic petroleum reserve storage locations.<\/p>\n

It was the third biggest consumer of energy, per capita, in the country in 2007.<\/p>\n

Source: U.S. Energy Information Administration<\/a><\/em><\/p>\n

<\/p>\n

North Dakota: 7.4 million barrels of oil in October 2009<\/h2>\n

\"North<\/div>\n

While North Dakota produced 4.4% of the nation’s crude oil in October 2009, it also consumes more per person due to its cold climate and ranked 4th in 2007.<\/p>\n

The state consumed 0.4% of the nation’s total crude oil consumption in 2008, while only having 600,000 residents.<\/p>\n

Source: U.S. Energy Information Administration<\/a><\/em><\/p>\n

<\/p>\n

California: 17.4 million barrels of oil in October 2009<\/h2>\n

\"California:<\/div>\n

While California consumes a tremendous amount of energy on its own, with its massive population of 37 million, it is per person consumption numbers are low due to a moderate climate.<\/p>\n

California does, however, import more electricity than any other state in the country.<\/p>\n

Its crude oil reserve are 14.1% of the U.S. total.<\/p>\n

Source: U.S. Energy Information Administration<\/a><\/em><\/p>\n

<\/p>\n

Alaska: 20.4 million barrels of oil in October 2009<\/h2>\n

\"Alaska:<\/div>\n

Alaska’s oil production is channeled through its massive pipeline system, the Trans-Alaska Pipeline, which can move 740,000 barrels of crude per day.<\/p>\n

The state is looking to build two nuclear power plants in an effort to meet its electricity needs.<\/p>\n

Source: U.S. Energy Information Administration<\/a><\/em><\/p>\n

<\/p>\n

Texas: 33 million barrels of oil in October 2009<\/h2>\n

\"Texas:<\/div>\n

Texas produces more crude oil than any other state, if you don’t count off-shore production. Texas has 23.8% of the nation’s oil reserves, amounting to 4.555 million barrels of oil. As of January 1, Texas had 27.2% of the nation’s crude oil refinery capacity.<\/p>\n

Source: U.S. Energy Information Administration<\/a><\/em><\/p>\n

<\/p>\n

Now check out the countries that would get crushed in an oil spike<\/h2>\n

\"Now<\/p>\n

Image: AP<\/p>\n<\/div>\n

It’s happening right now ><\/a><\/h2>\n

Join the conversation about this story »<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Oil prices are soaring as a result of economic indicators such as shipping and manufacturing data suggesting a return to global growth. Many U.S. states are set to benefit from this growth. Others will have to deal with rising inner-state demand simultaneously, so may not see the benefits of this growth. But judging by the […]<\/p>\n","protected":false},"author":1977,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-517952","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/517952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1977"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=517952"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/517952\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=517952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=517952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=517952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}