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Ed Lawrence from Fox Business made a highly misleading statement about crude oil consumption in the U.S. Even though the U.S. is a net exporter of crude oil we still IMPORT 6.5-8.5 million barrels of crude oil each day (most from Canada). I provide receipts.

Decoding Fox News

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55,742 次观看 • 3 个月前 •via X (Twitter)

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My latest with David Lin on US energy dependence: "If you include all energy products, the US is a net exporter. But if you look at crude oil, the US is a net oil IMPORTER. Forget that we are a net exporter of crude. WE AREN'T. The Trump admin. is spinning everything."

My latest with David Lin on US energy dependence: "If you include all energy products, the US is a net exporter. But if you look at crude oil, the US is a net oil IMPORTER. Forget that we are a net exporter of crude. WE AREN'T. The Trump admin. is spinning everything."

Steve Hanke

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All of these Trump administration actions in Venezuela is about the countries sour crude oil. Many U.S. refineries were built for heavy, sour crude (high sulfur, high density) from places like Canada and Venezuela. However, America mostly produces and works with light, sweet crude oil (low sulfur, low density) from its shale which is great for gasoline. Light sweet crude oil is easier and cheaper to refine.

All of these Trump administration actions in Venezuela is about the countries sour crude oil. Many U.S. refineries were built for heavy, sour crude (high sulfur, high density) from places like Canada and Venezuela. However, America mostly produces and works with light, sweet crude oil (low sulfur, low density) from its shale which is great for gasoline. Light sweet crude oil is easier and cheaper to refine.

AprilDRyan

11,235 次观看 • 6 个月前

Congress is spreading misinformation that India isn't importing crude oil from Russia due to pressure. Under the NDA, especially in the last 4-5 years, as per data: • 30-36% of crude oil has been imported from Russia. However, under UPA, it was only 1%. • In 2026, we imported the most crude oil from Russia. • Due to the import of Russian oil, the country has saved around $20-$25 billion. When we decided to import Russian oil, the same Rahul Gandhi and Congress opposed the decision. - Shri Gaurav Bhatia गौरव भाटिया 🇮🇳 Watch full video:

Congress is spreading misinformation that India isn't importing crude oil from Russia due to pressure. Under the NDA, especially in the last 4-5 years, as per data: • 30-36% of crude oil has been imported from Russia. However, under UPA, it was only 1%. • In 2026, we imported the most crude oil from Russia. • Due to the import of Russian oil, the country has saved around $20-$25 billion. When we decided to import Russian oil, the same Rahul Gandhi and Congress opposed the decision. - Shri Gaurav Bhatia गौरव भाटिया 🇮🇳 Watch full video:

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17,397 次观看 • 1 个月前

Fox News finally admits openly that the Keystone XL Pipeline was intended to export Canadian tar sands oil to U.S. markets. It wasn't built for crude oil extracted from the U.S.

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Japan imports about 95% of its crude oil from the Middle East

Japan imports about 95% of its crude oil from the Middle East

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📍Zambia🇿🇲 The Zambia Development Agency has issued a licence to China Zambia Petrochemical Energy Corporation Limited to set up a US$1.1 billion crude oil refinery in Ndola. Crude oil would be sourced from the Middle East via Tanzania. The plant would process 60,000 barrels per day of crude, which would satisfy Zambia’s current fuel demand

📍Zambia🇿🇲 The Zambia Development Agency has issued a licence to China Zambia Petrochemical Energy Corporation Limited to set up a US$1.1 billion crude oil refinery in Ndola. Crude oil would be sourced from the Middle East via Tanzania. The plant would process 60,000 barrels per day of crude, which would satisfy Zambia’s current fuel demand

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JUST NOW: In a massive development no one saw coming, President Trump has publicly declared that the U.S. will seize "Kharg Island" from Iran. KHARG ISLAND is the Persian Gulf outpost that controls nearly 90% of Iran’s crude oil exports (about 1.5 million barrels per day).

JUST NOW: In a massive development no one saw coming, President Trump has publicly declared that the U.S. will seize "Kharg Island" from Iran. KHARG ISLAND is the Persian Gulf outpost that controls nearly 90% of Iran’s crude oil exports (about 1.5 million barrels per day).

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Marine traffic data shows that the Pakistani-flagged crude oil tanker Shalamar cleared the Strait of Hormuz carrying crude oil loaded from the United Arab Emirates. The vessel also passed the U.S. Navy blockade accompanied by the Pakistan Navy in international waters.

Marine traffic data shows that the Pakistani-flagged crude oil tanker Shalamar cleared the Strait of Hormuz carrying crude oil loaded from the United Arab Emirates. The vessel also passed the U.S. Navy blockade accompanied by the Pakistan Navy in international waters.

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This is the quality of our civil service. Exchequer Secretary to the Treasury explains that we have lots of sanctions on Russian crude oil… even though we’ve just lifted sanctions on Russian crude oil. It’s no wonder we are almost a failed state.

This is the quality of our civil service. Exchequer Secretary to the Treasury explains that we have lots of sanctions on Russian crude oil… even though we’ve just lifted sanctions on Russian crude oil. It’s no wonder we are almost a failed state.

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➤ India's crude supplies remain secure. Our daily consumption is about 55 lakh barrels. Through diversified procurement, the volumes secured today exceed what would normally have arrived through the #StraitofHormuz during this period ➤ India imports crude from over 40 countries. Further OMCs have secured various crude cargos from different sources and as a result of this diversification about 70% of India’s crude import is coming from routes outside the Strait of Hormuz - Sujata Sharma, Joint Secretary (Marketing & Oil Refinery), Ministry of Petroleum & Natural Gas Ministry of Petroleum and Natural Gas #MoPNG #EnergySecurity

➤ India's crude supplies remain secure. Our daily consumption is about 55 lakh barrels. Through diversified procurement, the volumes secured today exceed what would normally have arrived through the #StraitofHormuz during this period ➤ India imports crude from over 40 countries. Further OMCs have secured various crude cargos from different sources and as a result of this diversification about 70% of India’s crude import is coming from routes outside the Strait of Hormuz - Sujata Sharma, Joint Secretary (Marketing & Oil Refinery), Ministry of Petroleum & Natural Gas Ministry of Petroleum and Natural Gas #MoPNG #EnergySecurity

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The Indian-flagged crude oil tanker Jag Laadki arrives at Adani Ports' Mundra terminal in Gujarat, carrying approximately 80,886 metric tonnes of crude oil sourced from the UAE

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On April 20, 2010, an explosion destroyed the Deepwater Horizon oil drilling rig in the Gulf of Mexico, killing eleven and triggering the largest offshore oil spill in U.S. history. Over the following three months, nearly five million barrels of crude oil would pour into the Gulf

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BREAKING. India DITCHES U.S. crude, opts for Nigerian & Middle Eastern oil instead 🤯 ~ IOC secures 2M barrels from West Africa & 1M barrels of Das crude. Message is clear: No country can Pressurize Bharat’s energy choices. Nation first, ALWAYS🔥

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JUST NOW: In a massive development no one saw coming, President Trump has publicly declared that the U.S. will seize Kharg Island from Iran. KHARG ISLAND — the Persian Gulf outpost that controls nearly 90% of Iran’s crude oil exports (about 1.5 million barrels per day).

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♦️DRILL BABY DRILL.♦️ “A U.S. ship (oil tanker) capable of carrying a maximum capacity of 1.8 million barrels of crude oil is headed toward the Gulf of America to restart its drilling operations after a seven-year hiatus (not been in operation for the last 7 years).”

♦️DRILL BABY DRILL.♦️ “A U.S. ship (oil tanker) capable of carrying a maximum capacity of 1.8 million barrels of crude oil is headed toward the Gulf of America to restart its drilling operations after a seven-year hiatus (not been in operation for the last 7 years).”

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Trump on Venezuelan oil: Venezuela has also agreed that the United States will immediately begin refining and selling up to 50 million barrels of Venezuelan crude oil, and this will continue indefinitely. We’re all set to do it. Venezuelan crude is a heavy oil — very good oil, great oil. It’s fantastic for certain uses, like asphalt roads.

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On the night of July 8, Ukraine's Special Operations Forces struck two Russian oil refineries in Nizhnekamsk, Republic of Tatarstan. The targets of the SOF were the TANECO oil refining complex and the TAIF-NK oil refinery. ◾️ TANECO is one of Russia's largest and most advanced refineries with a refining depth of up to 99%, meaning it produces more gasoline, diesel, and aviation fuel from each ton of crude oil than many older Russian refineries. ◾️ The TAIF-NK refinery has an annual processing capacity of up to 8.5 million tons of crude oil. The facility includes one of Russia's most sophisticated complexes for processing heavy oil residues. Glory!

On the night of July 8, Ukraine's Special Operations Forces struck two Russian oil refineries in Nizhnekamsk, Republic of Tatarstan. The targets of the SOF were the TANECO oil refining complex and the TAIF-NK oil refinery. ◾️ TANECO is one of Russia's largest and most advanced refineries with a refining depth of up to 99%, meaning it produces more gasoline, diesel, and aviation fuel from each ton of crude oil than many older Russian refineries. ◾️ The TAIF-NK refinery has an annual processing capacity of up to 8.5 million tons of crude oil. The facility includes one of Russia's most sophisticated complexes for processing heavy oil residues. Glory!

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53,249 次观看 • 2 年前