Friday, January 03, 2020

US Exporting More Oil Than It Imports

This past week the US had net negative imports of oil -- that is to say, more exports than imports. It's the least net exports since at least 1990:

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Of course I don't know what's going on behind the scenes, but I wonder if US oil companies, abetted by the Trump administration, aren't engaged in a last gasp of oil drilling before climate considerations put an end to it. Making us an "energy superpower," in the words of former DOE chief Rick Perry. The gasp might last 10 years or even twenty, but they've gotta see it on the horizon, something coal saw too late.