Although petroleum products make life easier, finding, producing, and moving crude oil may have negative effects on the environment. Technological advances in exploration, production, and transportation of oil and enforcement of safety and environmental laws and regulations help to avoid and reduce these effects. Oil Drilling Benefits Oil: A Universal Resource. Crude oil extracted from the earth is useful, but not in its raw form. Economic Benefits. The process of extracting, refining and using the by-products Environmental Benefits. In addition to the immediate economic benefits, Measured Use

U.S. crude oil production, particularly from light sweet crude oil grades, has rapidly increased since 2011. Much of the recent growth has occurred in areas such as the Permian region in western Texas and eastern New Mexico, the Federal Offshore Gulf of Mexico, and the Bakken region in North Dakota and Montana. According to the Energy Information Administration, the oil reserves in North Dakota increased by 46% in 2010. This spike is part of a recent energy boom and, as a result, states like North Dakota and Texas are seeing much greater demand for labor. North Dakota also reports the nation's lowest unemployment rate, These are the most oil rich states in the country. Unsurprisingly, the states with the highest totals of proven reserves are also among the largest oil producing states. Together, these 10 states produced nearly 2.5 billion barrels of oil in 2014, or 77% of the nation's total production that year.

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7 Jan 2020 So U.S. dependence on Middle East oil has fallen, but production of Middle Eastern oil has risen by about 5 million BPD in the past decade.

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