oil industry

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Pre-written Papers:

Title: oil industry

Essay Details:

Subject: Miscellaneous

Author: Stacey K

Date: April 11, 2016

Level:

Grade: C

Length: 7 / 1927

Essay text:

By 1932 all of the states had excised taxes on gasoline and the federal government introduced its first tax on gasoline. As can be seen by Figure 1 in the Appendix, other countries experience more taxes per gallon of gas. England taxes almost five times as much per gallon of gas than the United States. This may be due to the fact that the US is third in producing the most barrels of oil per day (5.801) whereas England is not. This is evident on Figure 2 which can be found in the Appendix ("OPEC: Frequently Asked Questions" 5 Oct 2003). OPEC reported in 2001 crude oil reserves stood at 1,074,850 million barrels of which 79% were in OPEC countries...

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