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Is there a citation for the US being a net exporter of oil? Last I checked, they were a net exporter of Gas, which is not the same as oil. Oil is refined to pr
by treyfitty 2y ago
Is there a citation for the US being a net exporter of oil? Last I checked, they were a net exporter of Gas, which is not the same as oil. Oil is refined to produce gas, and the US imports the majority of said oil.
- hollerith 2y agoYes, for years now, the US has been the world's largest producer of crude petroleum because of the invention of hydraulic fracturing (fracking). Larger than Saudi Arabia. The US still imports a lot of petroleum, but that is only because it has a comparative advantage in refining heavy crude. Most of the crude produced in the US is very light sweet crude, which is easier to refine. Some of that gets exported and refined overseas.
- insane_dreamer 2y agoUS Energy Info Admin: https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcrexus1&f=a https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=m...
- etherealG 2y agoWhy would you ask for a citation of something so easy to verify?