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In 2025, the US exported more crude oil and petroleum products than it imported: https://usafacts.org/articles/is-the-us-a-bigger-oil-importer-or-exporter/ htt
by tgrowazay 7mo ago
In 2025, the US exported more crude oil and petroleum products than it imported:
https://usafacts.org/articles/is-the-us-a-bigger-oil-importer-or-exporter/ https://usafacts.org/articles/is-the-us-a-bigger-oil-importe...
Gas prices were at lowest in 4 years before the Iran spike:
https://www.gasbuddy.com/charts https://www.gasbuddy.com/charts
- bluefirebrand 7mo ago> In 2025, the US exported more crude oil and petroleum products Another way to read this is "The US is still producing enough crude oil and petroleum to be a net exporter of these products"
- pixl97 7mo agoOil is a fungible commodity. If oil production totally stopped in the middle east for reason, our gas price would spiral out of control as we'd put oil/gas on large ships and the companies would export it for massive profits. This is why it's important to have multiple means of transport fuels, you're less subject to market variability.