Crushing The U.S. Energy Export Dream

Exporting crude oil and natural gas from the United States are among the dumbest energy ideas of all time.  Exporting gas is dumb. Exporting oil is dumber. The U.S. imports almost half of the crude oil that we use. We import 7.5 million barrels per day. The chart below shows the EIA prediction that production will slowly fall and imports will rise (AEO 2014) after 2016.This means that the U.S. will never be self-sufficient in oil. Not even close. What about the tight oil that is produced from shale? That’s included in the chart and is the…

Read more…

via OilPrice.com Daily News Update http://ift.tt/1J4ITRm

This entry was posted in Recently Read, Saved for Later. Bookmark the permalink.