Being a net exporter of a global commodity is only relevant in an extremely acute crisis (e.g. WWIII).

Plus one of the reasons why we export so much oil is because it's cheaper to import oil to a refinery in New Jersey from Saudi Arabia than to get it there from Texas due to some very stupid US laws.

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devilbunny 4 days ago | parent | next [-]

Assuming you mean the Jones Act?

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pif 4 days ago | parent | prev [-]

Hello, could you please elaborate about those laws?

	▲	noelsusman 4 days ago \| parent [-]
		The Jones Act requires that all goods transported by water between US ports be carried on ships that were built in the US, fly the US flag, and crewed by US citizens. That effectively makes it impossible to ship oil between US states at scale without a direct pipeline. Though to be clear I believe we would still be a net exporter without the Jones Act, it's just one of those weird things about the US oil industry.