Wednesday 25 October 2023

CRUDE OIL IS LARGEST EXPORT ITEM FOR THE USA

       Who would have guessed?

Thanks to improvements in hydraulic fracturing and directional drilling “Crude oil is set to become the largest export item for the United States this year for the first time in history.”

“In August alone, the value of U.S. oil exports, at $10.3 billion, had the highest share of all American exports with 6%, followed by gasoline and other fuels, per WorldCity data. In terms of tonnage, oil's share was also the highest—at 24%, followed by LNG and gasoline and other fuels.

According to the analysis by WorldCity's Roberts published in Forbes, ‘the primary oil category will be the United States' top export when 2023 figures are released early next year.’"

So much for net zero!


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