Hold on a minute folks. This simplicity is not so clear yet. Many have overblown the large vessel traffic maps and there is no increase in empty tankers as has been promoted. The U.S. is not entirely Oil independant. We import AND Export. We have different grades that are needed for our refineries here at home so we import. We have an oil NET SHORTAGE where we IMPORT quite a bit. We are NOT set up to just start pumping away into " Empty Tankers " that are NOT on the way. The Hopium here has gone astray and needs to be clarified. You will not see lower prices or utter JOY here in the States. We are too going to be hit in three weeks with BRUTAL shortages and impacts of the shipping chaos. Spend the time to do a more accurate assessment to be clear for your own expectations this is not going to be balloons and confetti raining down with $2.00 gas prices. Quite the opposite. It still needs to be set up and shake out.
The U.S. crude oil production averages 13.5 million barrels per day in 2026.
U.S. crude oil consumption is about 20.6 million barrels per day in 2026.
We have a net import dependency. The U.S. relies on 7 million b/d of net imports to meet demand, with Canada supplying roughly 4 million b/d.
Why on Earth do we have 60 crude oil tankers heading to the USA to "fill up", when they each hold about 2 Million barrels of oil? Where does that extra 120 Million barrels of oil come from?
As of early 2026, the U.S. strategic oil reserve held 415 million barrels, or about 58% of its capacity. The reserve can release oil at a maximum rate of 4.4 million barrels per day, enough to fill up 2 of these VLCC ships per day. There goes 1/3rd of our strategic reserves.
We don't have the extra capacity to sell oil to the world. If we're lucky, we have enough to be almost self-sufficient.
So, we should have $1.29 gas, right?
Be patient, the plan is working. Adjust accordingly.
Then drop my fucking gas prices!!!!!
They have to get here first!
Aren't they coming here empty to buy oil to go elsewhere?
I'm ready for gas to go below a dollar. Went on a road trip a few weeks ago. Just after the prices went up, lol. Ready for payback!
Hold on a minute folks. This simplicity is not so clear yet. Many have overblown the large vessel traffic maps and there is no increase in empty tankers as has been promoted. The U.S. is not entirely Oil independant. We import AND Export. We have different grades that are needed for our refineries here at home so we import. We have an oil NET SHORTAGE where we IMPORT quite a bit. We are NOT set up to just start pumping away into " Empty Tankers " that are NOT on the way. The Hopium here has gone astray and needs to be clarified. You will not see lower prices or utter JOY here in the States. We are too going to be hit in three weeks with BRUTAL shortages and impacts of the shipping chaos. Spend the time to do a more accurate assessment to be clear for your own expectations this is not going to be balloons and confetti raining down with $2.00 gas prices. Quite the opposite. It still needs to be set up and shake out.
4 real....
Only $185 yesterday to fill up the 2500....
The U.S. crude oil production averages 13.5 million barrels per day in 2026.
U.S. crude oil consumption is about 20.6 million barrels per day in 2026.
We have a net import dependency. The U.S. relies on 7 million b/d of net imports to meet demand, with Canada supplying roughly 4 million b/d.
Why on Earth do we have 60 crude oil tankers heading to the USA to "fill up", when they each hold about 2 Million barrels of oil? Where does that extra 120 Million barrels of oil come from?
As of early 2026, the U.S. strategic oil reserve held 415 million barrels, or about 58% of its capacity. The reserve can release oil at a maximum rate of 4.4 million barrels per day, enough to fill up 2 of these VLCC ships per day. There goes 1/3rd of our strategic reserves.
We don't have the extra capacity to sell oil to the world. If we're lucky, we have enough to be almost self-sufficient.
They could be coming to Canada also, except we have no way of getting our oil to the ports.