Oil! oil museums in Kern County, California and the libraries and museums in the area around Silver City, New Mexico, as well as the period photography, which played a large part in shaping his screenplay and the film. Oil! Oil! is a novel by Upton Sinclair, first published in 1926–27 and told as a third-person narrative, with only the opening pages written in the first person. The book was written in the context of the Harding administration's Teapot Dome Scandal and takes place in Southern California. It is a social and political satire skewering the human foibles of all its characters.
Oil reserves in the United States 1970. A second, but lower peak of 9,627 barrels per day was achieved in April 2015. The reserves-to-production ratio (R/P) equaled 11.26 years in 2007. The ratio was 11.08 years in 1970. It hit a trough of 8.49 years in 1986 as oil pumped through the Alaska pipeline began to peak. The US consumption of petroleum products peaked in 2005; by 2012, consumption had declined 11% from the peak. Net imports of oil and products account for nearly half of the US trade deficit. Because of declining production and increasing demand, net US imports of oil and petroleum products increased