Net exporter of oil?
Why do people keep claiming that?
We consume in the range of 19 million barrels a day.
We produce less than 12 million barrels per day.
>> We consume in the range of 19 million barrels a day. We produce less than 12 million barrels per day. <<
Not really. Of what we “consume,” 6 million barrels are for export products (such as gasoline, chemical products, etc.) Our net imports of oil are less than 2 million barrels per day, lately.
But it’s worth noting that until we reach 19 million barrels, cheap oil will be beneficial for our economy. As opposed to OPEC nations, Russia, Mexico, etc., which root for expensive oil.