PEAK OIL - EPOCHAL EVENT OF OUR LIVES

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U.S. poised to become net exporter of crude oil in 2023
https://www.reuters.com/business/energy/us-poised-become-net-exporter-crude-oil-2023-2022-12-19/
HOUSTON, Dec 19 (Reuters) - The United States has become a global crude oil exporting power over the last few years, but exports have not exceeded its imports since World War II. That could change next year.

Sales of U.S. crude to other nations are now a record 3.4 million barrels per day (bpd), with exports of about 3 million bpd of refined products like gasoline and diesel fuel. The United States is also the leading liquefied natural gas (LNG) exporter, where growth is expected to soar in coming years.
The United States already produces more oil than any other country in the world including Saudi Arabia and Russia. U.S. shale fields are aging and production growth this year has been sluggish. Overall output should reach a record 12.34 million bpd next year - but only if prices are lucrative enough to encourage oil drillers to pump more.
Export terminal operators are rushing to boost their capacity to better service the giant tankers that can carry more than 2 million barrels of oil.

"Russia has proven to be an unreliable supplier," said Sean Strawbridge, chief executive of the largest U.S. oil export facility, Port of Corpus Christi. "That really creates a wonderful opportunity for American producers and American energy."

Corpus Christi could see a 100,000 bpd increase in exports next year, Strawbridge said, on top of the record shipments of 2.2 million bpd in October.
LNG HITS RECORD
The United States became the world's largest exporter of liquefied natural gas during the first half of 2022, surpassing Qatar and Australia, on the back of demand from Europe and surging prices.

LNG exports likely will continue to rise into 2023 as Europe scrambles to refill storage depleted this winter, said Matt Smith, analyst at Kpler.