U.S. Oil Imports under Biden
I left the Oil industry a long time ago, and I
never worked in the domestic oil industry.
I worked at refineries in Holland, Lebanon, Pakistan and Kenya, and was
concerned with optimizing multi-refinery international supply systems while
working at the New York City and Dallas company head offices. So, I am aware of world-wide oil and energy
supply considerations and economics.
It does not require a lot of expertise to realize
that the U.S. is, right now, importing upwards of 7% of $110 per barrel oil
from Russia, (672,000 bpd, or 8% of total imports in 2021), and in effect is financing
Putin’s invasion of Ukraine. Biden and
his “woke”, “greenie” minions won’t stop imports from Russia because of the
“Squad’s” stance on CO2 emissions. Brave
Ukrainians are dying, while AOC pontificates sophomorically.
Opening the Keystone XL pipeline and increasing
imports from (normally) friendly Canada would add 830,000 bpd of oil, more than
replacing what we are importing from Russia.
Opening oil leases that Biden closed with his dubious executive orders
would make the U.S. self-sufficient in energy, and in fact a net exporter, as
it was when Trump was president.
These links refer:
https://www.bloomberg.com/news/articles/2022-03-01/u-s-imports-of-russian-crude-oil-have-been-dropping-for-months
https://www.wsj.com/articles/why-does-the-u-s-still-buy-russian-oil-11646151935#_=_
https://www.washingtonexaminer.com/policy/energy-environment/daily-on-energy-biden-holds-line-against-oil-and-gas-expansion-under-pressure-from-climate-hawks
U.S. energy facts
explained - consumption and production - U.S. Energy Information Administration
(EIA)
https://www.instituteforenergyresearch.org/fossil-fuels/gas-and-oil/the-united-states-was-energy-independent-in-2019-for-the-first-time-since-1957/
https://oilprice.com/Energy/Crude-Oil/Can-The-US-Replace-Russian-Oil-Imports.html
https://oilprice.com/Energy/Crude-Oil/The-US-Imports-Record-Share-Of-Russian-Oil-Despite-Tensions.html#:~:text=U.S.%20refiners%20have%20turned%20to%20Russian%20oil%20and,energy%20standoff%20between%20the%20United%20States%20and%20Russia.
https://www.nrdc.org/stories/what-keystone-pipeline#econ
Ray Gruszecki
March 7, 2022
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