[PGR88]

The USA is now the world’s largest oil producer

Iran wants to sell oil, not hoard it.

Finally, wars raise oil prices, not lower them.

Try again

[central_va]

It’s a global market. The oils shortfall will be made up and gas prices in the USA will rise.

[central_va]

In 2018, the United States imported about 9.93 million barrels per day (MMb/d) of petroleum from about 86 countries. Petroleum includes crude oil, hydrocarbon gas liquids, refined petroleum products such as gasoline and diesel fuel, and biofuels including ethanol and biodiesel. Crude oil accounted for about 78% of U.S. gross petroleum imports in 2018, and non-crude oil petroleum accounted for about 22% of gross petroleum imports.

In 2018, the United States exported about 7.59 MMb/d of petroleum to 190 countries and 4 U.S. territories, of which about 26% was crude oil and 74% was non-crude oil petroleum. The resulting net imports (imports minus exports) of petroleum were about 2.34 MMb/d.