![]() Note that almost all of the above net exports goes to the US at a rate of about 2 MBD and those imports currently make up about 10% of US daily consumption. However, exports to China clearly represent a new market: ![]() In addition, for the short term moment, US crude oil production is now back up from its low of the mid 2000's; but this won't last long! ![]() US Weekly Consumption We have reduced our consumption from a peak of 21 MBD down by 5-8%, but this may be just temporary. To meet the forecast call requires harvesting of the Athabascan Tar Sands: ![]() And then subsequent delivery to US refining facilities via the Keytone Pipeline. But that only increases US capacity by 7%. If you want to shut down the keystone Pipeline then reduce driving by 7%. Don't create the Market!!! That's the power of the consumer. ![]() Watch later: good example of Boom Town Culture:
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