Stormy Daniels
Gold Member
- Mar 19, 2018
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- #41
Nope. We have been importing oil since 1950.
Cool story. Nevertheless, we are now a net exporter and have been for multiple years.
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Nope. We have been importing oil since 1950.
That isn't true.The United States is the world's largest producer of oil. We produce nearly double the next closest producer and in fact the United States
We're only a net exporter if you include refined products/goods and natural gas along with oil.Cool story. Nevertheless, we are now a net exporter and have been for multiple years.
Daily production is about 12,500,00bbls and daily consumption is about 17,700,00 bbls/dayThat's no consolation for those who are struggling and need to drive a lot.
That isn't true.
KSA is still the top producer of oil, not the US.
We're only a net exporter if you include refined products/goods and natural gas along with oil.
The United States is the world's largest producer of oil. We produce nearly double the next closest producer and in fact the United States is a net exporter of oil. But oil is a global commodity sold on an open market. And that means that douche nozzles in Russia, Saudi Arabia, and elsewhere have a significant impact on the price of gas in Chattanooga.
We can solve this easily if Biden had the chutzpah. It's really simple. To lower oil prices in the United States, we should entirely ban the export of oil. No more global markets setting domestic prices. Keep all the supply for ourselves, let supply and demand reduce domestic prices, and short circuit the international market from driving our prices up. If other countries are hurting because of bans on Russian oil, then that's their problem. If other countries can't produce enough oil to make themselves independent, then they should figure it out for themselves. It's not our problem.
There's no reason we can't do it, except that our President isn't willing.