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Re: conix post# 376798

Thursday, 06/10/2021 7:37:09 PM

Thursday, June 10, 2021 7:37:09 PM

Post# of 575453
Don't talk to me about stupid when you post something as stupid as this.

Perhaps because the US is importing oil again?

Does a recovering economy and more travel mean anything to you, dumb-ass? Again, supplies not up to growing demand.

https://www.bloomberg.com/opinion/articles/2021-02-28/what-energy-dependence-the-u-s-still-needs-russian-oil-and-middle-east-peace

But while the balance had shifted, it didn’t necessarily mean the country has become self-sufficient. The U.S. imported close to 6 million barrels a day of crude last year, more than half as much as it pumped out of the ground at home.

While outbound shipments of refined products stand at about 5 million barrels a day, the country imports about 2 million barrels a day from overseas. And there are some surprising trade partners. Russia is the second-biggest foreign supplier of refined products to the U.S., just behind Canada, and accounted for almost a quarter of the imports in the first 11 months of last year.

Even though the energy statistics from the EIA may indicate that U.S. oil exports have frequently exceeded imports since the beginning of last year, it really isn’t self-sufficient yet.

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