ThxOne
Premium Member
Staff Member
The US imports just over 6B b/d of crude oil and exports just over 3B b/d of crude oil. The US exports over 9.5B b/d of petroleum which is not the same thing.Always has been and always will be Oil Company greed. Presidents never have nor will they ever have anything to do with the gas prices. Yet people cling to that fallacy day in day out. Kinda like the idiots who think the Keystone Pipeline was going to be this nations savior for oil when none of it was going to be processed here, was going to be shipped onto tankers then sent over to China. Stopping that pipeline was a good thing.
Also the US is the biggest exporter of oil in the world. More oil leases have been done in 2 years of Biden then 4 of Trump. But just because a lease is signed doesn't mean a damn thing. It takes the oil companies to actually drill on them. Until they do the lease doesn't mean anything but an investment they can then use to write off on taxes if they just let it sit. Mobil Oil has done this for decades. They would buy up leases like crazy and not do anything with the majority of them to use as a tax write off.
Amazing the things you learn when your family has been in the oil industry for 50+ years and with a cousin who owns oil wells in the south.
