The Global Oil Production Quiz

By: Staff

4 Min Quiz

Image: refer to hsw

About This Quiz

In just over 150 years, global oil production has made possible everything from manufacturing to transportation. See how much you know about where that oil comes from and how it's extracted with this quiz.

How many barrels of oil are produced around the globe each day?

In 2015 worldwide oil production averaged a staggering 80 millions barrels per day.

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True or false: Organization of the Petroleum Exporting Countries (OPEC) members produce more oil per day than all non-OPEC member nations combined.

OPEC countries produce a combined 24,377,000 barrels per day, while non-OPEC nations produce nearly twice that amount daily.

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Which of these countries produces the most oil on average?

With an average daily output of more than 10 million barrels per day, Russia produces more oil than China and Mexico combined.

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True or false: In 2014 the United States became the world's largest oil producer.

With production at 11 million barrels per day, the U.S. overtook Russia and Saudi Arabia to become the world's largest oil producer in 2014.

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What is shale?

Shale is a type of rock from which oil can be extracted via fracking. Shale deposits in North Dakota and other states allowed the U.S. to ramp up oil production in 2013 and 2014.

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True or false: The U.S. is only expected to lead the world in oil production for a year or two.

Oil industry experts expect the U.S. to lead world oil production all the way through the 2030s, with production climbing to 13.1 million barrels per day by 2019.

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Who produces more oil, Africa or Europe?

With 8.7 million barrels produced each day, Africa produces about twice as much oil as Europe.

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Which of these countries produced the most oil in 2014?

Brazil produced an average of 2.9 million barrels per day compared to 2.6 million in Venezuela. Ecuador averaged just half a million per day.

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What country's economy is most dependent on oil?

Kuwait is the most oil-dependent country on Earth, followed closely by Libya. The value of crude production as a share of gross domestic product is higher in these countries than any other nation.

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How many barrels of oil were burned in Kuwait during the 1991 war?

More than a billion barrels of oil were burned in Kuwait and another million were dumped into the sea. This led to not only a serious economic loss but also a lingering environmental crisis.

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Where will you find the largest oil field in North America?

Prudhoe Bay in Alaska is home to North America's largest oil field and ranks among the 20 largest oil fields ever discovered worldwide.

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What South American country is home to the Santos and Campos basins?

The Santos and Campos basins in Brazil are significant oil and natural gas sources.

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Which Canadian province is known for its oil-rich sands or tar?

The Alberta government estimates that the province's three primary oil-sand sites contain a staggering 173 billion barrels of recoverable oil.

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How much of the oil and gas deposits in the United States have been lost due to poor production techniques?

An estimated 75 percent of all oil and natural gas deposits located in the U.S. were lost due to unsustainable production techniques.

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What year was OPEC founded?

OPEC was founded in 1960 with five original members.

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Which of the following nations was NOT an original member of OPEC?

OPEC consisted of just five nations when the group formed in 1960: Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.

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What year was the world's first oil company founded?

The Pennsylvania Rock Oil Company was founded in August 1859 when oil was discovered 69 feet (21 meters) below the ground in Pennsylvania.

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Which of the following was NOT a founding member of Standard Oil?

Standard Oil, which dominated the oil industry during the 20th century, was founded by John and William Rockefeller, Henry Flagler and Stephen V. Harkness.

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True or false: In 1909 the U.S. produced as much oil as the rest of the world combined.

After a major oil boom in Texas in 1901, oil production in the U.S. continued at a frenzied pace for the next decade, resulting in U.S. oil production levels that equaled those of every country on Earth combined.

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True or false: The U.S. produced almost 90 percent of the world's oil as recently as 1950.

The U.S. was responsible for half of world oil production through 1950, but the rise of production in Europe, Russia and the Middle East helped to reduce the U.S. share of the world oil market since that time.

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What country is home to the Burgan oil field?

Kuwait's Burgan oil field, discovered in 1938, is one of the largest oil fields on the planet.

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What country is home to the world's largest oil field?

The Ghawar field, discovered in Saudi Arabia in 1948, is the world's largest oil field.

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How much of Saudi Arabia's oil comes from Ghawar?

An estimated 60 percent of Saudi oil comes from the massive Ghawar field.

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What year did the U.S. experience its first major oil shock thanks to an OPEC embargo?

A 1973 OPEC embargo severely limited oil supplies, resulting in shortages and severe price increases.

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True or false: Oil prices dropped more than 70 percent worldwide from mid-2014 to the end of 2015.

Oil prices dropped more than 70 percent from 2014 to 2016 largely due to record production rates, particularly from the U.S. shale industry.

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When do economists estimate that "peak oil" will occur?

Economists estimate that peak oil — a period when world oil production levels will begin to permanently decline — will occur by 2040 as supplies dwindle and other energy sources become more economical compared to oil production costs.

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How long will known North American oil reserves last if current production stays the same?

At current production rates, North America has enough known oil reserves to last 34 years.

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How long will world oil reserves last at current production rates?

At current production rates, the world's known 1700.1 billion barrels of oil reserves will last 52 years.

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What percent of world oil reserves are held by OPEC members?

OPEC members hold 71.6 percent of known oil reserves worldwide.

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True or false: The U.S. does not import any oil.

Despite becoming the world's largest oil producer in 2014, the U.S. still imports 7.5 million barrels per day as of 2015.

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