February 13, 2012
Petroleum Imports and Exports: What's the Story?
IER, Institute for Energy Research
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. . .
TAGGED: global oil market, domestic oil production, domestic oil, exports, Imports, petroleum product, Institute for Energy Research