this post was submitted on 30 May 2026
87 points (97.8% liked)

World News

40719 readers
232 users here now

News from around the world!

Rules:

founded 6 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] DancingBear@midwest.social 5 points 1 week ago (12 children)

US is the world’s largest exporter and producer of oil.

[–] mirshafie 11 points 6 days ago* (last edited 6 days ago) (4 children)

That's true. The US produces 14 million bpd and consumes 21 million bpd which is more than any other single country.

US propagandists use a broad definition for what counts as petroleum products muddle the facts and call the USA a net oil exporter. The reality is that the USA must import at least 7 million barrels per day, even if they completely stop exporting.

[–] BillMangionee@lemmy.ml 2 points 6 days ago (2 children)

Where did you get those numbers? I know for gasoline/petroleum its roughly equal local production and consumption.

[–] pucker4676@lemmy.ml 5 points 6 days ago* (last edited 6 days ago) (1 children)
[–] BillMangionee@lemmy.ml 2 points 5 days ago

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.

[–] mirshafie 2 points 5 days ago* (last edited 5 days ago)

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.

load more comments (1 replies)
load more comments (8 replies)