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USA is not the largest exporter of oil at all. It scarcely exceeds 3mn/d. Saudi exports 7.0 currently and that’s restraining themselves.
by audiometry 7y ago
USA is not the largest exporter of oil at all. It scarcely exceeds 3mn/d. Saudi exports 7.0 currently and that’s restraining themselves.
- rapsey 7y agoIt is right up there with SA. https://www.bloomberg.com/news/articles/2019-09-12/u-s-beats-saudi-arabia-to-become-top-oil-exporter-on-shale-boom https://www.bloomberg.com/news/articles/2019-09-12/u-s-beats...
- audiometry 7y agoWell if you include NGLs ok (natural gas liquids). But not if you talk about crude oil, which is the valuable thing. NGL is waste product almost.
- fspeech 7y agoYou need to look at the numbers on a net basis: https://www.forbes.com/sites/rrapier/2018/12/09/no-the-u-s-is-not-a-net-exporter-of-crude-oil/#1a57e1fc4ac1 https://www.forbes.com/sites/rrapier/2018/12/09/no-the-u-s-i...
- audiometry 7y agoYou can downvote me, but a bunch of US butane exports not going replace lost Arab medium, heavy crude.