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USA still imports about 50% of the oil barrels it uses each day, about 10m[1], and there is not enough pipeline capacity to move shale oil to refineries[2]. It'
by dialtone 8y ago
USA still imports about 50% of the oil barrels it uses each day, about 10m[1], and there is not enough pipeline capacity to move shale oil to refineries[2]. It's a long way to being self-sufficient.
[1]: https://www.economist.com/leaders/2018/10/18/americas-shale-industry-faces-constraints https://www.economist.com/leaders/2018/10/18/americas-shale-...
[2]: https://www.economist.com/business/2018/10/20/the-shale-boom-has-made-america-the-worlds-top-oil-producer https://www.economist.com/business/2018/10/20/the-shale-boom...
- hollerith 8y agoI accept your correction; the US in not self-sufficient: "in June America produced 13% of global crude oil" (economist URL in child comment) whereas it consumes about 20%: https://www.statista.com/statistics/273565/share-of-the-major-consuming-countries-in-global-oil-consumption/ https://www.statista.com/statistics/273565/share-of-the-majo...