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

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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

43 Answers

Anonymous 0 Comments

The global oil market is complicated, and the average person doesn’t understand it. That’s why it is used by sleazy politicians as a divisive issue to blame their opposition for the price of fuel. The lie that the president controls gas prices has been very successful. Remember the “I did that” Joe Biden stickers that were all over the gas pumps?

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