> This suggests the U.S. recently went from being a net exporter to an importer Looking at the data [1], that's probably not the reason. Sanctions on Russia, c

> This suggests the U.S. recently went from being a net exporter to an importer Looking at the data [1], that's probably not the reason. Sanctions on Russia, combined with the outlook of lower demand in the future, make short-term investments in increased production capacities unfeasible: [2] > the biggest firms have so far stuck with investment plans forged before prices really soared, choosing to put the windfalls primarily toward shareholder payouts, rather than extra production. > Investors are pushing companies to share profits now, instead of making long term investments, given uncertainty over demand as the world pushes to shift away from fossil fuels [1] https://www.eia.gov/energyexplained/oil-and-petroleum-products/imports-and-exports.php https://www.eia.gov/energyexplained/oil-and-petroleum-produc... [2] https://www.bbc.com/news/business-61446317 https://www.bbc.com/news/business-61446317