ABikerSailor
Diamond Member
The market. Supply and demand.
Oil CEO's are the main part of that Supply and Demand equation on the Supply side. They determine the supply by deciding to produce more or less, and that in turn determines the price at the pump. And, we've been a net oil exporter for a couple of years now, meaning we export more than we import.
In 2021, the United States exported about 8.63 million b/d of petroleum to 176 countries and 4 U.S. territories. Crude oil exports of about 2.98 million b/d accounted for 35% of total U.S. gross petroleum exports in 2021. The resulting total net petroleum imports (imports minus exports) were about -0.16 million b/d in 2021, which means that the United States was a net petroleum exporter of 0.16 million b/d in 2021.
And before you start bitching that the data is from 2021, and before the war, here is some more data for you concerning this year..................
Exports of U.S. crude and petroleum products surged to a weekly record of 10.6 million barrels a day during the week ending April 15, according to data from the U.S. Energy Information Administration. The country’s exports also outweighed its imports by the most ever in government data going back to 1990.