Travis Hoium
👤 SpeakerAppearances Over Time
Podcast Appearances
But vehicles are much more efficient and there's just a lot of efficiency that's gone through the market overall.
Electric vehicles is a small piece of it, but it's not most of it when you look at oil.
Speaking of refineries, what percentage of oil in 2005 did the U.S.
import on a net basis?
imports some oil and then exports refined products or oil.
But on a net basis, what percentage of oil did the U.S.
import in 2005 at that peak consumption?
That is a good memory.
What percentage of oil over the last, I think we're on the, what, the first four months of the year or the first eight, the last eight months that they reported, what percentage of oil does the US import on a net basis today?
I would say even lower.
Negative 10% exporter of oil.
Yeah, okay, gotcha.
So the fascinating thing there is, you know, we talked about oil prices and the rise in oil prices.