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.
Look - the common thing now is for large corporations to keep prices the same by cutting the product in ounces, number of items in box etc. prices are higher everywhere and that’s all people are talking about.
Inflation is coming. Biden wants to spend 6TT. Come on man! If he only had a…now what’s that thing called.