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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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Source: Bloomberg Global Business - < > Embed

News video: Oil Extends Gains as Saudis See Global Glut Drop

Oil Extends Gains as Saudis See Global Glut Drop 02:01

Jun.12 -- June 12 (Bloomberg) –- Oil prices are extending their gains as Russia and Saudi Arabia look to reassure investors that their coordinated output curbs are draining the global glut. Bloomberg's Anthony DiPaola reports on "Bloomberg Markets: Middle East."

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