Saturday, March 10, 2018

United States as energy exporter: Is it "fake news"?

Resource Insights: : "For example, the claim that the United States is an exporter of crude oil is true. But that claim is entirely misleading. While the United States exports about 1.5 million barrels a day (mbpd) of crude oil, it also imports 7.5 mbpd. That puts the net imports of crude oil at about 6 mbpd. (All numbers are four-week averages as of February 23.) This reality is simply not conveyed by the unqualified statement that the United States is an oil exporter. Those making such a claim either haven't done their research, are sloppy writers or intend to mislead.


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