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-As of September 2017, the average barrel of oil costs $47.56.

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-Oil is found all over the world in oil reservoirs, which look very much like any other rock formation.
-Oil exists as tiny droplets trapped inside these rocks  in open spaces.

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IS IT FOUND ALL OVER THE EARTH? IF NOT, WHERE IS IT FOUND?

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IS IT FOUND ALL OVER THE EARTH? IF NOT, WHERE IS IT FOUND?

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-Oil is found all over the world, however some places have produces more oil than others.
-The top oil producing countries are: Saudi Arabia, Iran, China and the United States (especially California or Texas)

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First oil taken from the ground was in Sichuan, China 2,500 years ago.

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- The Oil industry has created economic boundaries.

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- When you put the oil into the engine, it is essentially degraded by heating it, and is also oxidized.

- Most of it is recycled, though small amounts are improperly recycled.

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- Oil is a non-renewable resource.
- It is a limited resource.
-  Is considered as a fossil fuel, because they were formed by buried animals and plants millions of years ago.

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IS THERE ENOUGH OF IT, OR IS IT BEING DEPLETED/OVERUSED?

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IS THERE ENOUGH OF IT, OR IS IT BEING DEPLETED/OVERUSED?

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-Oil is overused by people in all parts of the world.

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-Obtaining oil varies based on the location.
-The deeper the oil is underneath the ground, the farther the oil rig has to dig through the ground thus making obtaining oil harder.
-The closer the oil is closer to the oil resevoir, the less the distance the oil rig has to dig thus making it easier to obtain oil.