[daniel1212]

We could sell more oil than they could, but the Democrats won’t allow it.

Actually, on this point Democrats are yet inconsistent with the Climageddon policies, likely due to political economics,

U.S. crude oil exports reached a record high in first half of 2023

“The United States produced more crude oil than any nation at any time, according to our International Energy Statistics, for the past six years in a row. Crude oil production in the United States, including condensate, averaged 12.9 million barrels per day (b/d) in 2023, breaking the previous U.S. and global record of 12.3 million b/d, set in 2019. Average monthly U.S. crude oil production established a monthly record high in December 2023 at more than 13.3 million b/d. - https://www.forbes.com/sites/rrapier/2024/03/12/eia-confirms-historic-us-oil-production-record/?sh=4a11c39b4048

U.S. crude oil exports in the first half of 2023 averaged 3.99 million barrels per day (b/d), which is a record high for the first half of a year since 2015, when the U.S. ban on most crude oil exports from the United States was repealed. In the first half of 2023, crude oil exports were up 650,000 b/d (19%) compared with the first half of 2022.

Europe was the largest regional destination for U.S. crude oil exports by volume, at 1.75 million b/d, led by exports to the Netherlands and UK. Asia was the regional destination with the next-highest volume, at 1.68 million b/d, led by exports to China and South Korea. The United States also exported significantly smaller volumes of crude oil to Canada, Africa, and Central America and South America.

Although exports increased in the first half of 2023, the United States still imports more crude oil than it exports, meaning it remains a net crude oil importer. The United States continues to import crude oil despite rising domestic crude oil production in part because many U.S. refineries are configured to process heavy, sour crude oil (with a low API gravity and high sulfur content) rather than the light, sweet crude oil (with a high API gravity and low sulfur content) typically produced in the United States.

“The United States produced more crude oil than any nation at any time, according to our International Energy Statistics, for the past six years in a row. Crude oil production in the United States, including condensate, averaged 12.9 million barrels per day (b/d) in 2023, breaking the previous U.S. and global record of 12.3 million b/d, set in 2019. Average monthly U.S. crude oil production established a monthly record high in December 2023 at more than 13.3 million b/d.

The crude oil production record in the United States in 2023 is unlikely to be broken in any other country in the near term because no other country has reached production capacity of 13.0 million b/d.

he world’s three largest oil producers — the U.S., Russia, and Saudi Arabia — accounted for 40% of the world’s oil production in 2023:

One notable difference between the U.S. and the other two major producers is that Russia and Saudi Arabia still produce far more oil than they consume, making them major net exporters of crude oil. - https://www.forbes.com/sites/rrapier/2024/03/12/eia-confirms-historic-us-oil-production-record/?sh=3786f67e4048

[Gen.Blather]

That! Was fascinating. Thanks for posting.

[Paul R.]

That analysis is only part of the story.

For one thing it doesn’t show refined products exports of all types.

Petro considered as a whole, we are a net exporter. That’s largely due to great demand from Europe.

Also left out is that current US production is in spite of Biden’s policies, not because of them. Left to the economic drivers alone, we could easily be 20% higher. If we’d initiated before Pooty even got his massed troops moving to Iran, a wartime priority effort to increase production, you could add at least another 20%.

Keystone is one factor in all this. It was not designed to merely get heavy Canadian crude to the US, it also was to ship some of our light shale oil to Canada to be mixed with the heavy stuff, making said heavy crude much more “pipeable” back to the US, as well as a better mix for our refineries. Biden killed it, forcing the less efficient, more dangerous, and less green option of moving it by rail, plus Canada is now piping (somewhat inefficiently) their oil to their West Coast for shipment to China.

You could go to a school for the mentally incompetent and find students there smarter and more sensible than this Biden Administration. Bah!