[dewilson58]

Originally Posted by Marine1974

The United States was a total petroleum net exporter in 2020 and 2021.

Old News

This US turned into a Net Importer in 2022.

[jbrown132]

Originally Posted by dewilson58

Stupid idea.

Band Aid with dirt on the pad.

Right up there with taking oil out of our strategic reserves. Dumb, dumb, dumb!!!!

[golfing eagles]

Originally Posted by dewilson58

Old News

This US turned into a Net Importer in 2022.

Thank you.
Now, anyone care to guess which factors made us a net exporter and which ones have quickly turned us into a net importer??????

[dewilson58]

Originally Posted by golfing eagles

Thank you.
Now, anyone care to guess which policies made us a net exporter and which ones have quickly turned us into a net importer??????

CAREFUL

I've got two border (the border, that could be a third) line threads trying to survive the political deletion.

[dewilson58]

Originally Posted by jbrown132

Right up there with taking oil out of our strategic reserves. Dumb, dumb, dumb!!!!

Waiting for the plan to convert our military to electric.

[golfing eagles]

Originally Posted by dewilson58

CAREFUL

I've got two border (the border, that could be a third) line threads trying to survive the political deletion.

good point---I edited it to change "policies" to "factors"

[Bill14564]

Originally Posted by dewilson58

Old News

This US turned into a Net Importer in 2022.

But did the US companies decrease production or did the US consumers increase consumption?

[dewilson58]

Originally Posted by Bill14564

But did the US companies decrease production or did the US consumers increase consumption?

Yes

[golfing eagles]

Originally Posted by Bill14564

But did the US companies decrease production or did the US consumers increase consumption?

Both, for reasons already stated. But realize, we are essentially a petroleum based economy---if consumption does not increase we are either stagnant or in a recession.

[dewilson58]

Originally Posted by golfing eagles

But realize, we are essentially a petroleum based economy---

Yes, golf balls use petroleum.

[Tvflguy]

Originally Posted by dewilson58

Yes, golf balls use petroleum.

Most people would be shocked to know items that are dependent on petroleum. Tough to replace petroleum with sun and wind.

[golfing eagles]

Originally Posted by dewilson58

Yes, golf balls use petroleum.

OMG!!! Drill baby, drill!!!!

Better start hoarding now! Let's deflect---start the rumor that toilet paper is made out of petroleum

[Bill14564]

Originally Posted by golfing eagles

Both, for reasons already stated. But realize, we are essentially a petroleum based economy---if consumption does not increase we are either stagnant or in a recession.

I've seen arguments why production has not increased but I've seen nothing that indicates production has decreased in the last six months.

This page has a nice set of data showing that a production increase in 2019 followed by a consumption decrease in 2020/2021 led to the "net exporter" condition. I haven't found the numbers for 2022 yet to see what they show (and they would be incomplete at this point anyway).

The US was a net exporter due to a sharp decrease in consumption in 2020 that was likely due to Covid. Not unexpectedly, production decreased in 2020 driven either by lower consumption or by Covid shutdowns in the production lines. But still, 2020 production remained close to the 2019 high and increased slightly in 2021. This level of production also supported a continued increase in exports through 2021.

I would like to find the 2022 numbers that supports the assertion that the US is now a net importer. It wouldn't surprise me too much if the recovering economy has led to an increase in consumption back to 2019 levels when we were a net importer.

There are likely several factors that are stifling increased production. But I would have doubts about a decrease in production without numbers to back it up.

[jammaiora]

Originally Posted by dewilson58

Stupid idea.

Band Aid with dirt on the pad.

"Stupid Idea" with no supporting reasons for why you think it is stupid. Therefore, STUPID comment! I "LOVED" the bandaid analogy, very "original".

[golfing eagles]

Originally Posted by Vermilion Villager

......
In case you haven't figured it out you do not put oil in your car you put gasoline in your car. ...........

If you don't put oil in your car, your engine will seize