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The US alone almost produces enough crude oil for it's own consumption, it's only net -1 million barrels a day and that's not including production from Canadian
by rtkwe 2y ago
The US alone almost produces enough crude oil for it's own consumption, it's only net -1 million barrels a day and that's not including production from Canadian oil fields. Total we're about 1.5m b/d net exporters of crude oil these days.
The TP disruption was, in my opinion, more about a major shift in consumption patterns rather than a supply disruption. When offices closed half of people's waking (ie pooping) hours shifted back to the home to the small individual rolls instead of the office sized rolls. That plus some panic buying and hoarding/scalping explains the whole thing as far as I know.