BillMangionee comments on Exxon Warns Oil Inventories Are Near Crisis Levels as Emerging Markets Dump US Treasuries

Exxon Warns Oil Inventories Are Near Crisis Levels as Emerging Markets Dump US Treasuries (blocknow.com)

submitted 5 months ago by yogthos@lemmy.ml to c/worldnews@lemmy.ml

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[–] BillMangionee@lemmy.ml 2 points 5 months ago (3 children)

Where did you get those numbers? I know for gasoline/petroleum its roughly equal local production and consumption.

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[–] pucker4676@lemmy.ml 6 points 5 months ago* (1 child)

The media makes a big deal of it, as if it's something to be proud of. Most useless, wasteful country on the planet.

https://outrightpower.substack.com/p/us-oil-production-and-consumption

https://usafacts.org/articles/is-the-us-a-bigger-oil-importer-or-exporter/

https://www.energy.gov/articles/fact-sheet-delivering-us-oil-and-natural-gas-production

https://energyheadlines.com/us-crude-production-to-hit-record-13-41-million-bpd-in-2025-before-falling-eia-says/

https://www.lambdafin.com/articles/us-vs-opec-oil-production

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[–] BillMangionee@lemmy.ml 2 points 5 months ago

Thanks for the sources.

Personally, I am more concerned about the impact a gas/petrol shortage would have rather than oil as a whole, but this is useful to know.

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[–] mirshafie@europe.pub 3 points 5 months ago*

Consumption: https://www.eia.gov/energyexplained/oil-and-petroleum-products/use-of-oil.php

Production: https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRFPUS2&f=W

Gasoline/Petroleum is rarely imported. The common method is to import the crude and refine on shore, which is what the USA is doing.

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