Any idea how much of the world's oil consumption the U.S. is responsible for these days?
Regardless, 1.4 million bbls/day ain't nothin' to sneeze at. It would have some effect.
""Regardless, 1.4 million bbls/day ain't nothin' to sneeze at. It would have some effect.""
1.4m barrels per day will instantly remove the small over capacity cushion that exists.
The US consumes about 25% of the world's oil production.