We export a metric fuck tonne of it; half as much as Saudi Arabia [1].
> we don't sell very much the world wants
We’re the world’s second-largest exporter [2].
[1] https://en.m.wikipedia.org/wiki/List_of_countries_by_oil_exp...
[2] https://en.m.wikipedia.org/wiki/List_of_countries_by_exports
US oil is fracked, which means that to get out of the microscopic fissures in the rocks only the lighter stuff comes out.
This makes excellent gasoline. By the way, this is also why we've become a CH4 power house.
Unfortunately, the US runs on diesel. We don't produce much heavy oil so we import it.
net it basically cancels out depending on interest rates, price of oil and who's in charge in DC.
Fracking, anyway, is an economic mirage enabled by cheap credit and expensive oil. Fracking sucks because the wells don't produce much.
About two thirds [1].
> the US runs on diesel. We don't produce much heavy oil so we import it
Diesel is a medium-weight distillate; we can turn light oil into it fine. We refine most of our diesel and import the balance from Canada [2].
> Fracking, anyway, is an economic mirage enabled by cheap credit and expensive oil
Our production costs mirror Russia’s [3][4]. (They’re dwarfed by Saudi Arabia’s fiscal break even.)
Consider citing your comments. I’ve sometimes started writing something as riddled with errors as yours, only to find myself corrected when searching for citations.
[1] https://www.eia.gov/tools/faqs/faq.php?id=847&t=6
[2] https://www.eia.gov/energyexplained/diesel-fuel/where-our-di...
[3] https://www.statista.com/statistics/748207/breakeven-prices-...
[4] https://oilprice.com/Energy/Crude-Oil/At-What-Level-Will-Sau...
> In 2020, the United States became a net exporter of petroleum for the first time since at least 1949. In 2022, total petroleum exports were about 9.52 million barrels per day (b/d) and total petroleum imports were about 8.33 million b/d, making the United States an annual net total petroleum exporter for the third year in a row.
https://www.eia.gov/energyexplained/oil-and-petroleum-produc...