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February 13, 2012

Petroleum Imports and Exports: What's the Story?

IER, Institute for Energy Research


AP

What Harry Reid seems to be referring to is that in 2011, for the first time in 62 years, the United States was a net exporter of petroleum products[ii], exporting about 15 percent of the petroleum products the U.S. produced.  Unfortunately, his statements show that he understands little about the U.S. petroleum industry and consumer petroleum demand. . .

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TAGGED: global oil market, domestic oil production, domestic oil, exports, Imports, petroleum product, Institute for Energy Research

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