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Wednesday, March 2, 2022

The US was energy independent in 2020 myth that never goes away

This is not as bad as the coming global warming crisis myth, or even the Trump colluded with Russians myth. 

But it is still a myth, so conservatives ought to stop making the claim.

In 2020 finally achieving energy independence under President Trump" is a myth.

It is long past time to stop repeating that myth.

The US has ALWAYS imported oil and gasoline.
We have never been "energy independent".
We did have energy exports that exceeded energy imports in 2020, but that does not mean we were "energy independent".

 Source of the following information is listed below:

"The United States imported about 7.86 MMb/d of petroleum in 2020, which included 5.88 MMb/d of crude oil and 1.98 MMb/day of non-crude petroleum liquids and refined petroleum products. These were the lowest levels of imports of total petroleum and of crude oil since 1991.

US OIL IMPORTS in 2020:
The top five sources of U.S. total petroleum (including crude oil) imports by share of total petroleum imports in 2020 were:
Canada 52%
Mexico 11%
Russia 7%
Saudi Arabia 7%
Colombia 4%

The top five sources of U.S. crude oil imports
by share of total crude oil imports in 2020 were:
Canada 61%
Mexico 11%
Saudi Arabia 8%

US OIL EXPORTS in 2020:

The top five destinations of U.S. total petroleum exports (including crude oil) by share of total petroleum exports
in 2020 were
Mexico 12%
Canada 11%
China 8%
Japan 6%
India 6%

The top five destinations of U.S. crude oil exports
by share of total oil exports in 2020 were
China 15%
Canada 13%
Netherlands 9%
India 9%
South Korea 8%
Colombia 4%
Iraq 3%

Source of data in tables above:
US Energy Information Agency
https://www.eia.gov/energyexplained/oil-and-petroleum-products/imports-and-exports.php

The balance of trade in energy products can change very quickly, and has changed during Jumpin' Joe Biden's first year. 

For one interesting example, oil imports from Russia increased +179% in one year!

Russia producers nearly tripled shipments of oil to the United States in 2021. 

In 2020, the United States imported from Russia on average 76,000 barrels per day (bpd), while in 2021, that figure rose to 209,000 bpd, according to data from the Energy Information Administration (EIA) of the U.S. Department of Energy. 

Russian crude accounts for only three percent of U.S. crude oil imports, and about one percent of total crude oil processed by U.S. refineries—but Russian crude oil imports are important to refineries on the West Coast and Gulf Coast.