How America Makes Up Its Oil Shortfall

The video discusses the impact of oil prices on drilling projects, highlighting how low prices previously halted major projects. It explains the advancements in directional drilling and fracturing that have enabled oil production from dense rocks at lower costs. Chevron's production and employment statistics are provided, along with a comparison of US oil production and consumption. The US imports oil mainly from Canada, and the video touches on the Keystone Pipeline and other transportation methods.

What percentage of the oil produced in the United States does Chevron account for?

• Less than 10%

• About 25%

• About 50%

• More than 30%

From which countries does the United States mostly import oil?

• OPEC countries

• Canada

• Mexico

• All of the above