30 sats \ 7 replies \ @Undisciplined 19 May \ parent \ on: How U.S. oil production reached an all-time high in 2023 econ
We've always exported oil. Alaska's been exporting to Japan since the 70's.
reply
That oil gets transported down to the refineries near the Gulf of Mexico. I believe they've been exporting oil from there since the fracking revolution.
I think the point is that the US has generally been importing more oil than it's been exporting.
reply
reply
Is it worse than coal mining?
reply
reply
I think a lot of that is environmentalist propaganda, but I'm certainly open to being wrong on this.
The reason I ask about the comparison to coal is that fracking made natural gas and oil so cheap that a lot of coal production stopped being economical. For the same reasons, it reduced the amount being produced in countries with worse environmental standards than the US.
It's hard to say what the net environmental impact is.