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re: US Reliance on Russian Oil Surges to Record High
Posted on 6/18/21 at 8:55 pm to cwill
Posted on 6/18/21 at 8:55 pm to cwill
quote:
That is such a misleading article and strains the definition of “energy independence”.
US oil production at its tippy-top peak was about 13.5mmbopd. US consumption pre-COVID was 20mmbopd.
Is there a difference between energy independence and oil production -v- oil consumption?
1
Posted on 6/18/21 at 9:06 pm to David_DJS
quote:
Is there a difference between energy independence and oil production -v- oil consumption?
Yes, the way they define it involves total energy production. If you take all the energy we produce such as hydro + wind + coal + natty gas + oil you reach the strained definition of energy independence. But if for example you only need 1bcf gas/day and produce 2, and you need 10 bopd but only produce 6, are you really energy independent?
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