3.8 million b/d
According to the U.S. Energy Information Administration, petroleum product net exports are expected to reach new highs of 3.6 million b/d in 2022 and 3.8 million b/d in 20231. In the first half of 2023, U.S. crude oil exports averaged 3.99 million barrels per day, which is a record high for the first half of a year since 20152. This is an increase of 650,000 b/d (19%) compared with the first half of 20222.
Cause and effect. Scrapping the pipeline destroyed a vital part of our hopes for energy independence. More profitable to sell and ship overseas than to keep it here and transport to around the continent to refineries. Perhap Trump can offer a long term solution to this when he returns to office. Use some military bases to build new refineries. Government should work for our oil industry instead of against it.