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To: Mariner

“The US still imports 1/2 the oil it consumes.”

That’s old info.

https://money.cnn.com/2018/09/12/investing/us-oil-production-russia-saudi-arabia/index.html

We import and export (supply chain reasons) but produce as much oil as we consume and much more natural gas than we consume. There are wells that have been drilled and capped waiting for higher prices. As soon as the price goes up we turn on the spigot.


46 posted on 09/15/2019 7:49:25 AM PDT by jdsteel (Americans are Dreamers too!!!)
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To: jdsteel

US Oil consumption from the US Energy Information Agency, 20.5 million bbl per day in 2018...

https://www.eia.gov/tools/faqs/faq.php?id=33&t=6

From the same federal agency, who’s job it is to gather and produce the data, US production averaged but 11 million bbl per day in 2018...

https://www.eia.gov/tools/faqs/faq.php?id=268&t=6

It’s your choice if you want to believe something else. But the data is crystal clear.

Or, it’s possible your assertion is that the US has somehow increased production by nearly 10 million bbl per day in 2019, above already RECORD production.

And, in fact we are the world’s largest producer of crude. But it’s still short of consumption by 40-50%.


48 posted on 09/15/2019 8:36:53 AM PDT by Mariner (War Criminal #18)
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