“Why does the US import so much oil when they are the world’s largest exporter of it?”

Question

I keep hearing over and over that the US imports all of its gasoline and raw petroleum that it used, however when you look at the numbers its the greatest exporter of oil ever. Wouldn’t it make more sense for the US to just take some that they produce and keep it to sell to its own consumers.

In: Economics

Answer 1

I have an apple farm. I make red delicious apples. My wife likes to make apple pie. Apple pie is terrible if made with red delicious apples, I need granny apples.

So I am an apple farmer that exports apples yet I am at the store buying apples