Why is the US still importing oil?

[@CPGurchGurch-ki8xw]

Roads with Belle has a link to your video. Thank you for breaking it down. 💜

[@impartialpoints]

Belle is responsible for half our views on this channel. Her support is amazing.

[@victoriajohnson-parratt6975]

In my youth I chose gasoline as my science fair subject. I visited a refinery and had a row of glass jars showing the color gradient from sour to sweet. If I knew half of what you just taught me in 8 minutes back then, I would have won.

[@janwag6856]

Maybe the talking points weren’t as ‘refined’ back then as they are today.

[@catslikewitches1332]

I really like it, that the topic is basically on point with discussions occuring in the Social Media World and presents nothing more than facts. Take care - Europe

[@impartialpoints]

We're trying to do exactly that. Thank you!

[@donaldrambo5150]

I find this topic fascinating about the economy & is very informative when it comes to oil. Very helpful as well!

[@victoriajohnson-parratt6975]

Hi good Donald!

[@daiakunin]

You forgot to mention that the technical term for oil is dinosaur juice. Aside from that, excellent job!

[@JimHolder-pk2kk]

Fern fluid?

[@UplandJones1]

Very well done

[@ninaconnolly6077]

💙💙

[@will9001asd]

Found this channel through Belle and really like how you set up your points! Liked and Subscribed :)

[@impartialpoints]

Welcome aboard!

[@brendalong3852]

Would like to see more of this abut would like to ssee the source materials.

[@bradf1467]

Market dynamics. That's what needs to be explained. I got crayons, someone needs to suppy the coloring book.

[@impartialpoints]

Be specific about what you want to know. We base our videos on questions from the comments section.

[@stefankwiatkowski5241]

Is there any value in the strategic view that it's better to use up foreign resources of this finite commodity rather than using up the domestic supply? Long ago I heard that argued as a reason to prefer importing oil.

[@JimHolder-pk2kk]

Like your other explainers I found this one to be very clear, quick and on point. At 6:52 you had some text and spoken words that I found fascinating: "Balancing oil and renewables: As renewable energy sources like wind, solar, *and electric vehicles* grow in popularity, the oil industry faces long-term challenges in maintaining relevance." Did you include Electric Vehicles as a renewable energy source due to their application as battery storage when used with bidirectional charging from intermittent renewable sources like wind and solar? Or is there something else you meant that I am missing?

[@bonniebrush94]

Good points! I only wish you'd slow it up just a little. Also, maybe point out that we don't have (or want?) more refineries here.

[@criticalevent]

US refineries can refine light sweet crude just fine, it's just a waste of money to do so when they can export it to countries with more basic refineries for full price without doing anything to it besides taking it out of the ground. That may change real quick if Trump makes imported tar sand oil too expensive to refine at a profit.

[@impartialpoints]

I wonder how people will react to gas prices going up if he does that?

[@robinhoodyyc65]

In Canadian oil and gas we call it oil sands cause the oil is in sand but u likely know that

[@criticalevent]

@@impartialpoints Same as they always do, half the country will blame the president, the other half will blame whoever he tells them to and he'll probably bleed the national reserve dry to get the price down before the next election (if there is one)

[@sunshynff]

Where are you getting your numbers from, 2012??? In 2023, U.S. oil production was averaging 21.691 million barrels of oil per day, and averaging around 20.213 million barrels of consumption per day. 2022 was the first year that we sustained an average of producing more oil than we consumed. And yes you are correct about our refineries still being set up for heavy crude from Canada and Mexico, but that is rapidly changing with the shale revolution back in the mid 2000s, with work underway to change most of those refineries over so they can process the sweet crude we have in the shale, right here at home. Not to mention we have the worlds largest supply of natural gas by a looooooonng shot, no one even comes close. And that is the worlds 2nd most used fossil fuel and the cleanest of the dirty energy fuels.

[@impartialpoints]

21.691 in 2023 is for total petroleum products, not crude oil. The 21.691 includes: crude, hydrocarbon gas, biofuels, and processing gain.

[@impartialpoints]

Here's a link: www.eia.gov/tools/faqs/faq.php?id=268&t=6

[@sunshynff]

​@@impartialpoints .... Thank you very much! Reading back my comment I apologize if I came off a bit snippy, I lost track of time and woke up on the wrong side of the bed to start with, that was not my intention to come off that way. I always tell people this, but I really enjoy, usually, being proven wrong, as in this case, when I saw your response it made me fact check my own sources and realize I was looking at the data wrong, thinking that petroleum meant overall crude oil, so I am honestly thankful for your response and link.

[@sunshynff]

​@@impartialpoints ...The reason I've been trying to follow this industry lately is because of the opportunity that the U.S. will have in the coming years to really take advantage of the deglobalization that is pretty much inevitable now. That and despite being very unhappy with the election results for a myriad of reasons, and truly being scared for our country for the first time ever, I do believe if the orange man has the capacity to anything good, it's with him unknowingly having a good defensive foreign policy against China. Also because I'm tire of the global narrative that China is still a super power in manufacturing and energy export the way they were in the 80s, 90s and early 2000s, they are not, they are on the brink of major economic and most likely societal collapse. Manufacturing is coming back home, and if we play our cards right the U.S. could be more prosperous than it's ever been. But there will be a LOT of growing pains, and with our political parties both so quick to play the blame game, instead of just facing it head on and dealing with it, I'm not sure we'll make through to the other side. Here's some links, curious if you agree with the first two, the other is just cause people are usually surprised about the China deal. kzbin.info/www/bejne/rmLId3-pnst3Y6Msi=jDD6JDiTZreOhihg kzbin.info/www/bejne/nX61mJ6midqGn6ssi=c17OyJW0k6UAdkGe kzbin.info/www/bejne/sF65gq2gra2UjcUsi=JdOyiXu0qni0bMXl

[@impartialpoints]

Don't beat yourself up over it. We really strive to be an educational channel. That doesn't happen with questions or people challenging what we say. We have a really good fact checking process, but that doesn't mean we can't make mistakes.