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To: Mariner

Or it’s possible you are missing something.

https://www.reuters.com/article/us-usa-oil-eia/in-major-shift-us-now-exports-more-oil-than-it-ships-in-idUSKBN1O51X7

In addition, many drilled wells have been capped waiting for better prices. That can be brought on line very quickly, but does not count as production.


50 posted on 09/15/2019 10:47:01 AM PDT by jdsteel (Americans are Dreamers too!!!)
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To: jdsteel

Your cited source has informed us that for a single week US oil exports exceeded imports.

But the reality is that on an annualized basis we continue to run a huge deficit in crude production/consumption.

About 5.5mil bbl/day.


51 posted on 09/15/2019 11:02:39 AM PDT by Mariner (War Criminal #18)
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