Remix.run Logo
JumpCrisscross 5 hours ago

> an export ban may be increasingly probable

"U.S. crude oil and lease condensate proved reserves decreased 1% from 46.4 billion barrels to 46.0 billion barrels at year-end 2024" [1]. At February's 180 million barrel/month import rate, that's only 21 years of supply in the ground.

Reliance on oil, for America, is a long-term reliance on foreign oil.

[1] https://www.eia.gov/naturalgas/crudeoilreserves/

[2] https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=M...