{"id":63819,"date":"2022-10-16T06:52:27","date_gmt":"2022-10-16T11:52:27","guid":{"rendered":"https:\/\/olduvai.ca\/?p=63819"},"modified":"2022-10-16T06:52:27","modified_gmt":"2022-10-16T11:52:27","slug":"energy-aware","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=63819","title":{"rendered":"Energy Aware"},"content":{"rendered":"
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Energy Aware<\/a><\/h3>\n

The United States is energy independent. Banning oil exports would lower oil prices. Strategic Petroleum Reserve releases lowered gasoline prices. There is a shortage of refinery capacity in the U.S. The cancelation of the Keystone XL Pipeline has limited U.S. oil supply and contributed to higher energy prices.<\/p>\n

These popular memes are wrong.<\/p>\n

The U.S. is not Energy Independent<\/strong><\/p>\n

The U.S. produced about\u00a011.3 mmb\/d<\/a>\u00a0of crude oil in 2021 and imported about\u00a06 mmb\/d<\/a>\u00a0of crude oil per day. That doesn\u2019t sound very energy-independent.<\/p>\n

When politicians and journalists talk about American energy independence, they\u2019re not really telling the truth. They\u2019re playing with truth.\u00a0The energy independence meme confuses oil and refined products. They\u2019re not the same. Let me review the facts.<\/p>\n

The U.S. is a\u00a0net importer<\/em>\u00a0of crude oil.\u00a0U.S. net imports of crude oil averaged 2.9 mmb\/d in the first seven months of 2022 (Figure 1 blue fill). That\u2019s way down from almost 9.4 mmb\/d during the same period in 2001, and moving in the right direction but it\u2019s hardly energy independent.<\/p>\n

The U.S. is a\u00a0net exporter<\/em>\u00a0of refined products. Net exports averaged 5.9 mmb\/d in 2022.<\/p>\n

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Figure 1. The U.S. is a net importer of crude oil & a net exporter of petroleum products. U.S. net imports of crude oil have averaged 2.9 mmb\/d in 2022 and net exports of products have averaged 5.9 mmb\/d. Source: EIA & Labyrinth Consulting Services, Inc.<\/figcaption><\/figure>\n

The problem arises when crude oil and the products refined from it are combined. \u00a0That\u2019s the blue curve in Figure 3 and voila. A country that imports more oil than Europe uses, magically became a net exporter in October 2021.<\/p>\n

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Figure 3. The U.S. is a net importer of crude oil & a net exporter of crude + petroleum products. U.S. net imports of crude oil have averaged 2.9 mmb\/d in 2022 and net exports of crude + product have averaged 0.9 mmb\/d. Source: EIA & Labyrinth Consulting Services, Inc.<\/figcaption><\/figure>\n

\u2026click on the above link to read the rest\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Energy Aware The United States is energy independent. Banning oil exports would lower oil prices. Strategic Petroleum Reserve releases lowered gasoline prices. There is a shortage of refinery capacity in the U.S. The cancelation of the Keystone XL Pipeline has limited U.S. oil supply and contributed to higher energy prices. These popular memes are wrong. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[8195,328,349,1426,20909,588,827,834],"class_list":["post-63819","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-art-berman","tag-fossil-fuels","tag-gas","tag-misinformation","tag-net-imports","tag-oil","tag-united-states","tag-us"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63819"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63819\/revisions"}],"predecessor-version":[{"id":63820,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63819\/revisions\/63820"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}