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O&G Sector Guys/Baws/Dolls: Domestic Production. Do We HAVE To Import Right Now?
Posted on 1/9/19 at 12:30 pm
Posted on 1/9/19 at 12:30 pm
I know very little re: domestic production of crude and I am curious about our ability to sustain demand for ourselves, by ourselves. I know we now export oil which seems like a sign we could at least minimally?
Is our dependence on foreign (ME) oil close to or currently a thing of the past if we want it to be?
2
Posted on 1/9/19 at 12:32 pm to Sao
Short answer - We will always have to import due to the grade of oil we produce domestically, it simply isn't the right type of crude to fill a lot of our refineries.
Export light oil
Import heavier oil
Export light oil
Import heavier oil
This post was edited on 1/9/19 at 12:33 pm
Posted on 1/9/19 at 12:45 pm to Sao
There is an article in this month's Time magazine saying that due to fracking in Texas, the US is now the world's largest oil exporter.
Like a previous poster said, refining that oil is a different matter entirely.
ETA: Link to the Time article
Like a previous poster said, refining that oil is a different matter entirely.
ETA: Link to the Time article
This post was edited on 1/9/19 at 12:47 pm
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