Tag: davidson
“Davidson” submits:
Every couple of days or so we get a headline declaring too much or too little oil will drown US companies and thus our economy. The US does net/net import crude Black LINE but mostly in a ‘take from Peter to pay Paul’ fashion which makes it more efficient to export from some sites only to import elsewhere due to simpler and lower transportation cost. The EIA produces weekly data for all of this. The ORANGE LINE represents US crude exports and the DARK BLUE LINE represents US exports of refined products at ~7mil BBL/Day.
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