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Response to theaocp (Reply #16)

Fri Feb 5, 2021, 10:21 AM

29. Currently our net imports of crude is 2 to 3 million barrels per day.

 

Our net exports of refined products is about the same.

So at present, you can think of the Canadian crude displacing other imported crude and being exported as refined products.

However, I doubt that US fracked production will continue at the current high levels, and therefore, our crude imports will have to rise. Fracked wells go dry much faster that the conventional wells of decades past. The fracking boom will be fairly short lived and fade in the 2030s.

Weekly Imports & Exports

https://www.eia.gov/dnav/pet/pet_move_wkly_dc_NUS-Z00_mbblpd_4.htm

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LineLineLineNew Reply Currently our net imports of crude is 2 to 3 million barrels per day.
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