It is no secret that the U.S. has long been the world’s dominant oil consumer. According to the EIA, America uses approximately 18.9 million barrels of crude per day; that nets out to nearly 7 billion barrels per year, an astonishing figure. What’s more is that the next nearest consumer is China, who utilizes 9.8 million barrels each day. Each day, the U.S. spends exorbitant amounts of money on this fossil fuel. Assuming a price of $95/barrel, $1.795 billion is spent each day on crude oil in America; that is over $655 billion annually [for more oil news and analysis subscribe to our free newsletter].
Visualizing just how much $1.795 billion is worth can be a tall order. Below, we take a step back and show you all of the things you could buy with just one day of U.S. oil consumption to give you a better idea of just how much we rely on this commodity.
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6.1 Million Tons of Wheat
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715 Tons of Gold
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1,934 Tons of Silver
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The Medical Marijuana Industry
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3.6 million 16 GB iPads
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124,696 Bottles of the World’s Most Expensive Wine
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A Room in the Burj Al Arab Hotel For 165 years
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37,728 Sq Feet of Land in Monaco
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The World’s Most Expensive Mansion
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38 F-16 Fighter Jets
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.0001% of U.S. National Debt
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84 Hours of the War in Iraq and Afghanistan
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The 2013 Yankees’ Payroll 9 Times Over
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Peyton Manning’s Salary for 99 Years
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11,966 Babe Ruth Autographed Baseballs
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Jamie Dimon’s 2012 Salary for 156 Years
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89,750 Speeches by Hillary Clinton
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12 of Bill Gates’s Houses
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71 Chopard 201-Carat Watches
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4,394 Pairs of the World’s Most Expensive Sunglasses
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14,958,333 Days of Skiing at Vail, Colorado
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843,119 Roundtrip Flight Tickets to Bora Bora
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2,991,667 18-Hole Rounds at Pebble Beach
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Social Networking Site Youtube
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70,000 Wedding Ceremonies
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Social Media App Instagram
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437,804 Shark Diving Expeditions
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6,442 Kentucky Derby Winners
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13,007 White Lion Cubs
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The Golden Gate Bridge
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351 Statues of Liberty
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39 Washington Monuments
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Dallas Cowboys Stadium
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The Washington Redskins
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179,500 Waverunners
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1,795 of NYC’s Most Expensive Parking Spot
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483,827,493 Gallons of Gas in the U.S.
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5,780 Ferrari 599s
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All 30 of Leonardo DaVinci’s Surviving Journals
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Adopt 59,833 Children From Outside the U.S.
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247,586,207 Hours of Work at the Federal Minimum Wage
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19.94 Million Shares of Exxon Mobil (XOM)
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11 Days of Oil Consumption for the U.K.
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3 NASA Missions
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The Original Cost of the Mars Rover Curiosity
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143,600,000 Packs of Cigarettes in New York
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224,375 Face Lifts
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44,875,000 Pairs of Converse Hightops
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Saks Fifth Avenue