Wall Street Journal: “For now, the U.S. has been able to meet needs at home and replace some of the missing Gulf barrels. No nation in the world’s history has ever exported as much energy: It shipped 14.2 million barrels of crude and products a day late last month—the rough equivalent of one out of seven barrels consumed globally in ordinary times.”
“But trouble is brewing. U.S. oil producers are barely stepping up their output, refineries are running at full-throttle, and domestic stocks are getting depleted fast. The upshot: American consumers are set to keep paying more for fuel to stay inside the U.S.’s borders.”
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