U.S. Ends Reliance On Foreign Oil For First Time In 75 Years

What an amazing turnaround. From 14 million bpd net imports to -211,000 bpd in 13 years.

For the first time in 75 years, the United States exported more oil than it imported, carrying out a pledge from President Trump that America can achieve “energy independence.”

While the U.S. has been a net oil importer since 1949, over the final week of November, U.S. net imports of crude oil and petroleum products fell to minus 211,000 barrels per day (bpd) — which means America exported more than it imported, according to data from U.S. Energy Information and Administration.

Oil production has been booming in the U.S. as the shale revolution swept the nation. America is now the world’s largest producer of petroleum, passing Russia and Saudi Arabia. As the U.S. oil boom spread, the power of OPEC was reduced and gas prices in the U.S. have dropped from the $4+ highs under former president Barack Obama.

Net imports peaked in 2005, topping 14 million bpd …

Advertisements

The U.S. may not ‘believe’ in climate change. But the USA is the only one doing something about it

The USA is doing something about climate change. Other countries just talk.

Nineteen nations “believe” in climate change. How are they backing up their statement of faith?

China was praised for signing on to the Paris Climate Agreement and in Argentina reaffirmed its commitment to controlling greenhouse gas emissions. Last year, however, China increased those emissions by 1.7 percent.

India, the fourth largest source for CO2, saw their emissions grow by 4.6 percent in 2017. Luckily for them, they too were praised for signing that “nonbinding communiqué.”

Overall, the European Union raised their CO2 output by 1.5 percent.

France, home of the Paris Agreement, is leading the diplomatic effort to save the planet. They increased their greenhouse gas emissions by 3.6 percent.

Pollution in France will likely rise further this year from the burning cars alone. French President Emmanuel Macron announced a sharp increase in gas and diesel taxes last month. This sparked the largest riots seen in Paris in nearly 50 years as yellow-vested citizens blockaded roadways, burned vehicles and damaged artwork and infrastructure.

President Donald Trump continues to dismantle Obama administration efforts to combat coal, gas and oil emissions even as world leaders are set to gather in Poland to fine tune the 2015 landmark global climate deal reached in Paris. (Nov. 29) AP

If the nations paying lip service to climate change aren’t meeting their goals, imagine how poorly the oil-drilling, coal-mining Americans must be doing. President Donald Trump was pilloried for withdrawing from the Paris Agreement and for being only G20 leader who refused to sign the climate change statement in Argentina.

From 2016 to 2017, U.S. greenhouse gas emissions decreased by 2.7 percent. Emissions from large power plants declined 4.5 percent since 2016, and nearly 20 percent since 2011. All without signing a piece of paper in Paris or Buenos Aires.