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What’s Wrong With The U.S. Oil Export Boom

OilPrice.com Monday, 19 June 2017
The lead editorial in Friday’s Wall Street Journal was pure energy nonsense.’ “Lessons of the Energy Export Boom” proclaimed that the United States is becoming the oil and gas superpower of the world. This despite the uncomfortable fact that it is also the world’s biggest importer of crude oil. The Journal uses statistical sleight-of-hand to argue that the U.S. only imports 25% of its oil but the average is 47% for 2017. Saudi Arabia and Russia–the real oil superpowers–import no oil. The piece includes…
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News video: Oil Falls to a Seven-Month Low

Oil Falls to a Seven-Month Low 01:30

Jun.19 -- Oil under pressure as speculation that current expansion by U.S. drillers will blunt OPEC led efforts to drain the crude glut. Bloomberg's Anthony DiPaola reports on "Bloomberg Markets: Middle East."

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