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General Category >> Politics, Religion (Tall Table) >> U.S. poised to become net exporter of crude oil
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Message started by Serowbot on 12/19/22 at 15:09:08

Title: U.S. poised to become net exporter of crude oil
Post by Serowbot on 12/19/22 at 15:09:08

U.S. poised to become net exporter of crude oil in 2023
https://www.reuters.com/business/energy/us-poised-become-net-exporter-crude-oil-2023-2022-12-19/
The United States has become a global crude oil exporting power over the last few years, but exports have not exceeded its imports since World War II. That could change next year.

I'm sure this a bad thing and all Biden's fault.
Right?

US made $4 billion selling oil this year on President Biden's unprecedented releases from the Strategic Petroleum Reserve
https://news.yahoo.com/us-made-4-billion-selling-160400735.html
The US government has pocketed almost $4 billion from selling oil this year, the Wall Street Journal reported.

In a bid to lower gas prices, President Joe Biden authorized releases from the Strategic Petroleum Reserve in March.

Biden brought down fuel prices and made $4B profit for US at the same time.
Terrible news... :-?

Title: Re: U.S. poised to become net exporter of crude oi
Post by pg on 12/19/22 at 21:37:59

We were a net exporter in 2020. This was a result of allowing the free market to flourish and the technology of fracking.

https://www.eia.gov/energyexplained/oil-and-petroleum-products/imports-and-exports.php

Best regards,

Title: Re: U.S. poised to become net exporter of crude oi
Post by WebsterMark on 12/20/22 at 05:16:30

So you’re saying if I tell my wife I’m selling my 401k for 90 cents on the dollar today so we can telling everyone how much money we have and all we have to do is plan on significantly cutting back on retirement 10 years from now and hope an emergency doesn’t strike us, she’ll be absolutely thrilled?

Question, did you blow up doll of Puddinhead come with a hearing aid?