What’s left unsaid is what happened January 20, 2021.
Higher net crude oil imports are set to make the United States a net petroleum importer this year again, as in 2021, after a historic shift of being a net petroleum exporter in 2020, the U.S. Energy Information Administration (EIA) said on Friday.
A net petroleum importer is a country that imports more crude oil and refined products than the crude and products it exports.
While the U.S. has been a net petroleum products exporter for more than a decade, it has always been a net crude oil importer, that is, it imports more crude than it exports.
The total crude and petroleum products trade marked a historic shift in 2020 when the U.S. became a net petroleum exporter. On a monthly basis, it was in September 2019 when the United States exported more crude oil and petroleum products than it imported—the first month in which America was a net petroleum exporter since monthly records began in 1973, the EIA said at the end of 2019.
I keep asking myself what possible end can justify these means. Whatever it is, it's not good.
We have enough proven oil reserves to fuel ourselves for the next decade at least. If only Buy-den and his puppetmasters would let us drill for it and ship it to the refineries.