27 Jun: CNBC: US oil exports boom to record level, surpassing most OPEC nations
by Patti Domm
U.S. oil exports reached a record 3 million barrels a day last week— a greater amount than is pumped each day by all but three OPEC countries.
When combined with fuel products, like diesel and gasoline, U.S. oil and related products exports totaled 8.5 million barrels a day last week, the most ever, according to U.S. Energy Information Administration weekly data.
U.S. oil production also continued at a record pace of 10.9 million barrels a day, a level first reached this month. That is more oil than produced by every other country in the world, except for Russia, which does not belong to OPEC and pumps just over 11 million barrels a day. U.S. refineries also took in a record 18 million barrels of oil.
To put U.S. exports in context, the U.S. was able to export more oil per day last week than most OPEC countries drilled...
“The fact is we’re loading crude oil for export across the Texas Gulf Coast. The biggest issue that exporters are facing is getting oil from the Permian basin to the Gulf Coast because of the lack of pipeline capacity,” said Andrew Lipow, president of Lipow Oil Associates...
https://www.cnbc.com/2018/06/27/us-oil-exports-boom-to-record-level-surpassing-most-opec-nations.html
Am I missing something in those CNBC numbers?
Total US refinery input = 18 million b/d (barrels of oil per day.)
US production capacity now exceeds 10 million b/d. (I just looked at the EIA report for July = 10.8 million b/d, and they predict 11.7 million b/d average in 2019.)
Total US oil & refined products exports = 8.5 million barrels per day.
This leaves 9.5 million barrels a day for internal consumption plus any losses in production and such.
A FReeper recently posted that total US “input” (my word, not his) was 20 million barrels a day, so I assume we presently import around 2 million barrels per day in the form of refined products, for total internal consumption of around 11.5 million b/d.
I conclude we are darn close to being able to supply our own needs. Or, am I missing something in those numbers?