Biden to Import Venezuelan Oil to Meet US Demand – President Trump’s Energy Independence Policies Will Continue to be Ignored

[Toddsterpatriot]

Petroleum products like NG, which we have an abundance of, not oil. We are still oil dependent. Granted we are a lot closer to being a net exporter of oil than we were in 2008

We export more oil and oil products than we import.
Yes, fracking gives us lots of oil and natural gas.

 

[BlindBoo]

We export more oil and oil products than we import.
Yes, fracking gives us lots of oil and natural gas.

We import more oil than we export by about 2.5 mbd. LNG equivalence doesn't replace oil.

 

[Toddsterpatriot]

We import more oil than we export by about 2.5 mbd. LNG equivalence doesn't replace oil.

And we export more refined products than we import by about 5 mbd.

LNG equivalence doesn't replace oil.

Can't hydrocarbons replace other hydrocarbons?

 

[BlindBoo]

Can't hydrocarbons replace other hydrocarbons?

On paper they make us energy independent.

"On an energy content basis, even though U.S. total energy imports increased by about 1% in 2023, U.S. total energy exports were the highest on record, at about 29.50 quadrillion British thermal units (quads), and increased by about 8% from 2022. Total energy exports exceeded total energy imports by about 7.80 quads, the largest annual margin on record."

U.S. energy facts - imports and exports - U.S. Energy Information Administration (EIA)

U.S. energy imports and exports since 1950.

www.eia.gov

 

[Toddsterpatriot]

On paper they make us energy independent.

"On an energy content basis, even though U.S. total energy imports increased by about 1% in 2023, U.S. total energy exports were the highest on record, at about 29.50 quadrillion British thermal units (quads), and increased by about 8% from 2022. Total energy exports exceeded total energy imports by about 7.80 quads, the largest annual margin on record."

U.S. energy facts - imports and exports - U.S. Energy Information Administration (EIA)

U.S. energy imports and exports since 1950.

www.eia.gov

On paper they make us energy independent.

When you export more energy than you import, that's a decent claim.

On paper and in reality.

 

[BlindBoo]

On paper they make us energy independent.

When you export more energy than you import, that's a decent claim.

On paper and in reality.

No it's just on paper. In reality we are still oil dependent.

If energy independence means the country is producing more energy than it consumes, then both leaders have achieved it. While Biden rarely talks up his efforts to produce oil and natural gas, the nation’s output under his leadership continues to smash records.

https://www.politico.com/newsletters/power-switch/2024/04/29/energy-independence-is-a-myth-candidates-dont-care-00154959

Still, the nation has continued to import foreign fuels as well. So if energy independence means no imports, then neither president has done it.

 

[Toddsterpatriot]

No it's just on paper. In reality we are still oil dependent.

If energy independence means the country is producing more energy than it consumes, then both leaders have achieved it. While Biden rarely talks up his efforts to produce oil and natural gas, the nation’s output under his leadership continues to smash records.

https://www.politico.com/newsletters/power-switch/2024/04/29/energy-independence-is-a-myth-candidates-dont-care-00154959

Still, the nation has continued to import foreign fuels as well. So if energy independence means no imports, then neither president has done it.

Still, the nation has continued to import foreign fuels as well.

Our refineries are really good at turning that foreign oil into more valuable products for export.