If you are looking at total numbers, for total oil global supply, yes.
The issue about removing the Oil Ban, the topic of this thread, is based upon the US have had several million barrels a day increase specifically in light sweet and in limited areas.
The US still is an importer of crude oil. We don't come close to producing as much as our refineries use. Many of our refineries are designed for cheaper heavy sour, that contains more BTUs per barrel.
Thank you for that information.
I should address one aspect of this, that I didn’t.
If we have increased production of light or sweet crude, doesn’t it make sense to increase capacity to refine these products?
I believe you mentioned that we refitted (or whatever the proper term is) one or two of our refineries so they would be used to refine heavy sour rather than the light or sweet.
To utilize all that we produce, we should have the capacity to refine what we are producing.