Yeah, that kinda reeked of misinformation to me. The US is largely energy independent these days, we're a net exporter, not an importer.
Doesn't matter if you're energy independent, it's about gas prices at the pump. A hike in barrel price globally will affect domestic pricing. Why would exxon sell you gas for 3 bucks a gallon when it can sell it to someone in China for 4 bucks? Doesn't matter where the gas comes from, prices are more or less global.
We're a net exporter specifically of certain oil grades that are useful for refinining... We still consume close to 20mbd of liquid fuel while producing 13.
Source?
Because, we're exporting more refined products than we import too, so we'd sure be running out real fast at that rate.
https://www.eia.gov/dnav/pet/pet_move_wkly_dc_NUS-Z00_mbblpd_w.htm
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I'm just glad they plan to continue, it's a great strategy
America: see we asked them
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