Reply to $7/gallon gas is coming

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[quote=Anonymous]US is the largest oil producer in the world, surpassing Russia and Saudi Arabia in 2018. Our oil production went from 5m to 13m barrels per day over the last 12 years. That 8m barrels per day growth over 12 years is roughly the equivalent of the entire production of Saudi Arabia (9m), Russia (8m), or two Canadas (4m x 2).

Do not think for a second that the US cannot easily increase our oil production. We produce the most oil in the world and we sit on top of oceans of reserves. The idea that we need to offset the decline in Russia’s production from Venezuela (800k/d), Iran (2m/d), and Saudi is disgraceful. Biden would literally rather enrich these regimes than American workers.

Its also a little more complex than just barrel production per day. We extract shale oil which is a lighter crude oil than the crude oil extracted from Saudi Arabia and Venezuela. Almost every American refinery is outfitted for the heavier grade crude oil. In fact, the first refinery in 43 years to get permits fully approved was in 2020 and construction starts sometime in 2022. The refinery is specifically refining shale oil, which is great, but it’s only able to refine 49,500b/day due to all the red tape they’ve had to jump through to even get that approved. We need to change our strategy of refining the oil we extract because that can lead to us actually being energy independent.

TL;DR US refineries are not outfitted for shale oil and until we build refineries for shale oil we’ll continue to rely on imports of crude oil.[/quote]

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