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"06.jpg", images[7] = "07.jpg", images[8] = "08.jpg", document.getElementById("rotator").style.backgroundImage = "url(" + dir + images[randomCount] + ")"; </script> <div class="container content"> <div class="row"> <div class="col-lg-12 col-md-12 recent" style="margin-top:18px;"> <div class="vc_row wpb_row row"><div class="wpb_column vc_column_container vc_col-sm-9"><div class="vc_column-inner "><div class="wpb_wrapper"><div class="vc_row wpb_row vc_inner row vc_row-o-equal-height vc_row-o-content-middle vc_row-flex"><div class="wpb_column vc_column_container vc_col-sm-4"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_single_image wpb_content_element vc_align_left"> <figure class="wpb_wrapper vc_figure"> <div class="vc_single_image-wrapper vc_box_border_grey"><img width="403" height="403" src="https://web.archive.org/web/20200930092507im_/https://www.arescotx.com/wp-content/uploads/oil-qf-us-production-2017.png" class="vc_single_image-img attachment-full" alt="U.S. Crude Oil Production June 2017" srcset="https://web.archive.org/web/20200930092507im_/https://www.arescotx.com/wp-content/uploads/oil-qf-us-production-2017.png 403w, https://web.archive.org/web/20200930092507im_/https://www.arescotx.com/wp-content/uploads/oil-qf-us-production-2017-300x300.png 300w" sizes="(max-width: 403px) 100vw, 403px"/></div> </figure> </div> </div></div></div><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_text_column wpb_content_element "> <div class="wpb_wrapper"> <p>In June 2017, the United States produced about 9.1 million barrels of crude oil per day.<br/> <em><span style="font-size: large;">Source: CNN World</span></em></p> </div> </div> </div></div></div></div><div class="vc_row wpb_row vc_inner row vc_row-o-equal-height vc_row-o-content-middle vc_row-flex"><div class="wpb_column vc_column_container vc_col-sm-4"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_single_image wpb_content_element vc_align_left"> <figure class="wpb_wrapper vc_figure"> <div class="vc_single_image-wrapper vc_box_border_grey"><img width="403" height="403" src="https://web.archive.org/web/20200930092507im_/https://www.arescotx.com/wp-content/uploads/oil-qf-us-leads-world-2017.png" class="vc_single_image-img attachment-full" alt="US Leads World in Total Petroleum Production in 2017" srcset="https://web.archive.org/web/20200930092507im_/https://www.arescotx.com/wp-content/uploads/oil-qf-us-leads-world-2017.png 403w, https://web.archive.org/web/20200930092507im_/https://www.arescotx.com/wp-content/uploads/oil-qf-us-leads-world-2017-300x300.png 300w" sizes="(max-width: 403px) 100vw, 403px"/></div> </figure> </div> </div></div></div><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_text_column wpb_content_element "> <div class="wpb_wrapper"> <p>The United States leads the world in total petroleum production, ahead of Saudi Arabia and Russia in 2017.<br/> <em><span style="font-size: large;">Source: CNN World</span></em></p> </div> </div> </div></div></div></div><div class="vc_row wpb_row vc_inner row vc_row-o-equal-height vc_row-o-content-middle vc_row-flex"><div class="wpb_column vc_column_container vc_col-sm-4"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_single_image wpb_content_element vc_align_left"> <figure class="wpb_wrapper vc_figure"> <div class="vc_single_image-wrapper vc_box_border_grey"><img width="403" height="403" src="https://web.archive.org/web/20200930092507im_/https://www.arescotx.com/wp-content/uploads/oil-qf-permian-basin.png" class="vc_single_image-img attachment-full" alt="Permian Basin Oil Interesting Facts" srcset="https://web.archive.org/web/20200930092507im_/https://www.arescotx.com/wp-content/uploads/oil-qf-permian-basin.png 403w, https://web.archive.org/web/20200930092507im_/https://www.arescotx.com/wp-content/uploads/oil-qf-permian-basin-300x300.png 300w" sizes="(max-width: 403px) 100vw, 403px"/></div> </figure> </div> </div></div></div><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_text_column wpb_content_element "> <div class="wpb_wrapper"> <p>The Permian Basin is the largest petroleum-producing basin in the United States and has produced a cumulative <b>28.9 billion</b> barrels of oil and 75 trillion cubic feet of gas.<br/> <em><span style="font-size: large;">Source: Wikipedia</span></em></p> </div> </div> </div></div></div></div><div class="vc_row wpb_row vc_inner row vc_row-o-equal-height vc_row-o-content-middle vc_row-flex"><div class="wpb_column vc_column_container vc_col-sm-4"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_single_image wpb_content_element vc_align_left"> <figure class="wpb_wrapper vc_figure"> <div class="vc_single_image-wrapper vc_box_border_grey"><img width="403" height="403" src="https://web.archive.org/web/20200930092507im_/https://www.arescotx.com/wp-content/uploads/oil-qf-permian-basin-ww2.png" class="vc_single_image-img attachment-full" alt="Did the Permian Basin help us win WWII?" srcset="https://web.archive.org/web/20200930092507im_/https://www.arescotx.com/wp-content/uploads/oil-qf-permian-basin-ww2.png 403w, https://web.archive.org/web/20200930092507im_/https://www.arescotx.com/wp-content/uploads/oil-qf-permian-basin-ww2-300x300.png 300w" sizes="(max-width: 403px) 100vw, 403px"/></div> </figure> </div> </div></div></div><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_text_column wpb_content_element "> <div class="wpb_wrapper"> <p>Some attribute production from the Permian Basin to the Allied victory during World War II. At the time, the Permian Basin was responsible for half of the world’s oil and gas production, helping fuel the tanks, jeeps, ships, and planes the Allies used to win the war.<br/> <em><span style="font-size: large;">Source: Drilling & Geophysics Society of Dallas</span></em></p> </div> </div> </div></div></div></div><div class="vc_row wpb_row vc_inner row vc_row-o-equal-height vc_row-o-content-middle vc_row-flex"><div class="wpb_column vc_column_container vc_col-sm-4"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_single_image wpb_content_element vc_align_left"> <figure class="wpb_wrapper vc_figure"> <div class="vc_single_image-wrapper vc_box_border_grey"><img width="403" height="403" src="https://web.archive.org/web/20200930092507im_/https://www.arescotx.com/wp-content/uploads/oil-qf-us-consumption.png" class="vc_single_image-img attachment-full" alt="US Petroleum Consumption" srcset="https://web.archive.org/web/20200930092507im_/https://www.arescotx.com/wp-content/uploads/oil-qf-us-consumption.png 403w, https://web.archive.org/web/20200930092507im_/https://www.arescotx.com/wp-content/uploads/oil-qf-us-consumption-300x300.png 300w" sizes="(max-width: 403px) 100vw, 403px"/></div> </figure> </div> </div></div></div><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_text_column wpb_content_element "> <div class="wpb_wrapper"> <p>The United States is the world’s largest consumer of petroleum products.<br/> <em><span style="font-size: large;">Source: CNN World</span></em></p> </div> </div> </div></div></div></div><div class="vc_row wpb_row vc_inner row vc_row-o-equal-height vc_row-o-content-middle vc_row-flex"><div class="wpb_column vc_column_container vc_col-sm-4"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_single_image wpb_content_element vc_align_left"> <figure class="wpb_wrapper vc_figure"> <div class="vc_single_image-wrapper vc_box_border_grey"><img width="403" height="403" src="https://web.archive.org/web/20200930092507im_/https://www.arescotx.com/wp-content/uploads/oil-qf-us-imports-2016.png" class="vc_single_image-img attachment-full" alt="U.S. Oil Imports for 2016" srcset="https://web.archive.org/web/20200930092507im_/https://www.arescotx.com/wp-content/uploads/oil-qf-us-imports-2016.png 403w, https://web.archive.org/web/20200930092507im_/https://www.arescotx.com/wp-content/uploads/oil-qf-us-imports-2016-300x300.png 300w" sizes="(max-width: 403px) 100vw, 403px"/></div> </figure> </div> </div></div></div><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_text_column wpb_content_element "> <div class="wpb_wrapper"> <p>In 2016, about 25% of the petroleum used in the United States was imported. About 38% of this petroleum is imported from Canada.<br/> <em><span style="font-size: large;">Source: CNN World</span></em></p> </div> </div> </div></div></div></div><div class="vc_row wpb_row vc_inner row vc_row-o-equal-height vc_row-o-content-middle vc_row-flex"><div class="wpb_column vc_column_container vc_col-sm-4"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_single_image wpb_content_element vc_align_left"> <figure class="wpb_wrapper vc_figure"> <div class="vc_single_image-wrapper vc_box_border_grey"><img width="403" height="403" src="https://web.archive.org/web/20200930092507im_/https://www.arescotx.com/wp-content/uploads/oil-quick-facts-007.gif" class="vc_single_image-img attachment-full" alt=""/></div> </figure> </div> </div></div></div><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_text_column wpb_content_element "> <div class="wpb_wrapper"> <p>No discovery had as great an impact on Texas’ oil production than the discovery of oil at the Spindletop well located south of Beaumont. Spindletop brought in over 17 million barrels of oil in 1902 alone.<br/> <em><span style="font-size: large;">Source: Texas Almanac</span></em></p> </div> </div> </div></div></div></div></div></div></div><div class="wpb_column vc_column_container vc_col-sm-3"><div class="vc_column-inner "><div class="wpb_wrapper"><div class="vc_wp_custommenu wpb_content_element sidebar2"><div class="widget widget_nav_menu"><div class="menu-resources-container"><ul id="menu-resources" class="menu"><li id="menu-item-8633" class="menu-item menu-item-type-post_type menu-item-object-page current-page-ancestor current-page-parent menu-item-8633"><a href="https://web.archive.org/web/20200930092507/https://www.arescotx.com/og-education-resources/">Oil and Gas Education and Resources</a></li> <li id="menu-item-8634" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-8634"><a href="https://web.archive.org/web/20200930092507/https://www.arescotx.com/og-education-resources/frequently-asked-questions/">Frequently Asked Oil and Gas Questions</a></li> <li id="menu-item-9042" class="menu-item menu-item-type-post_type menu-item-object-page current-menu-item page_item page-item-3213 current_page_item menu-item-9042"><a href="https://web.archive.org/web/20200930092507/https://www.arescotx.com/og-education-resources/oil-and-gas-quickfacts/">Oil and Gas Facts – #QuickFacts</a></li> <li id="menu-item-9041" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-9041"><a href="https://web.archive.org/web/20200930092507/https://www.arescotx.com/og-education-resources/self-directed-iras/">Self-Directed IRAs Alternative Investments</a></li> <li id="menu-item-8637" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-8637"><a href="https://web.archive.org/web/20200930092507/https://www.arescotx.com/og-education-resources/oil-and-gas-glossary/">Oil and Gas Glossary of Terms</a></li> <li id="menu-item-8638" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-8638"><a href="https://web.archive.org/web/20200930092507/https://www.arescotx.com/og-education-resources/common-abbreviations/">Common Abbreviations</a></li> </ul></div></div></div></div></div></div></div> </div> </div> </div> <div id="footer"> <div class="container"> <div class="row"> <div class="col-md-12"> <center><p>This is not an offer to sell nor solicitation of an offer to buy any security. 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