☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 5 days agoExxon Warns Oil Inventories Are Near Crisis Levels as Emerging Markets Dump US Treasuriesblocknow.comexternal-linkmessage-square22linkfedilinkarrow-up193arrow-down12
arrow-up191arrow-down1external-linkExxon Warns Oil Inventories Are Near Crisis Levels as Emerging Markets Dump US Treasuriesblocknow.com☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 5 days agomessage-square22linkfedilink
minus-squareBillMangionee@lemmy.mllinkfedilinkarrow-up2·4 days agoWhere did you get those numbers? I know for gasoline/petroleum its roughly equal local production and consumption.
minus-squarepucker4676@lemmy.mllinkfedilinkarrow-up5·edit-24 days agoThe media makes a big deal of it, as if it’s something to be proud of. Most useless, wasteful country on the planet. https://outrightpower.substack.com/p/us-oil-production-and-consumption https://usafacts.org/articles/is-the-us-a-bigger-oil-importer-or-exporter/ https://www.energy.gov/articles/fact-sheet-delivering-us-oil-and-natural-gas-production https://energyheadlines.com/us-crude-production-to-hit-record-13-41-million-bpd-in-2025-before-falling-eia-says/ https://www.lambdafin.com/articles/us-vs-opec-oil-production
minus-squareBillMangionee@lemmy.mllinkfedilinkarrow-up2·3 days agoThanks for the sources. Personally, I am more concerned about the impact a gas/petrol shortage would have rather than oil as a whole, but this is useful to know.
minus-squaremirshafie@europe.publinkfedilinkarrow-up1·edit-23 days agoConsumption: https://www.eia.gov/energyexplained/oil-and-petroleum-products/use-of-oil.php Production: https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRFPUS2&f=W Gasoline/Petroleum is rarely imported. The common method is to import the crude and refine on shore, which is what the USA is doing.
Where did you get those numbers? I know for gasoline/petroleum its roughly equal local production and consumption.
The media makes a big deal of it, as if it’s something to be proud of. Most useless, wasteful country on the planet.
https://outrightpower.substack.com/p/us-oil-production-and-consumption
https://usafacts.org/articles/is-the-us-a-bigger-oil-importer-or-exporter/
https://www.energy.gov/articles/fact-sheet-delivering-us-oil-and-natural-gas-production
https://energyheadlines.com/us-crude-production-to-hit-record-13-41-million-bpd-in-2025-before-falling-eia-says/
https://www.lambdafin.com/articles/us-vs-opec-oil-production
Thanks for the sources.
Personally, I am more concerned about the impact a gas/petrol shortage would have rather than oil as a whole, but this is useful to know.
Consumption: https://www.eia.gov/energyexplained/oil-and-petroleum-products/use-of-oil.php
Production: https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRFPUS2&f=W
Gasoline/Petroleum is rarely imported. The common method is to import the crude and refine on shore, which is what the USA is doing.