Some interests have been perpetrating a myth that our enemies can see right through. They’ve been beating the drum of implication that we are oil independent and produce more than we use.
That is false, and it keeps our populace under an illusion that we only fight foreign wars, sometimes to re-secure oil resources, for big investors. We do it for future national survival. The U.K. and other countries are facing an existential problem because of oil resource manipulations managed by incursions, invasions and debt schemes of their adversaries.
We use more oil than we produce. The net export (exports vs. imports) propaganda is a red herring.
Last week the web site of the Energy Information Administration (EIA) carried a story about the United States becoming a new oil exporter for the first time in weekly data back to 1991. This doesn’t mean that we stopped importing crude oil and petroleum products because we were self-sufficient, but rather that our exports exceeded our imports. According to the EIA, for the week of November 24-30, the U.S. exported 3.2 million barrels per day (b/d) of crude oil, along with 5.8 million b/d of refined petroleum products, such as gasoline, heating oil and propane. The total of 9.0 million b/d of petroleum exports exceeded our total imports of 7.2 million b/d of crude oil and 1.6 million b/d of refined petroleum products by 200,000 b/d.
http://energy-musings.com/node/460#3
But, it is all due to the oil price.