[buffaloguy]

“We are a long, long way from being an oil exporter. We import significantly more oil the we produce ourselves.”

As of 2012 we are a net exporter of oil. Demand has really dropped and the excess production is going overseas.

[thackney]

As of 2012 we are a net exporter of oil. Demand has really dropped and the excess production is going overseas.

NO! We are a net exporter of refined products. We refine a bit more than we currently consume. We are exporting about a million per day of products but we are importing about 9 million barrels per day of oil.

Combined, we are still a major importer of Petroleum, crude and products together.

Our total net imports (taking credit for our exports) still exceeds our domestic oil production. We would have to more than double before we reached an point of no net imports.