"We have achieved energy independence and the United States no longer needs oil from the Middle East," US President Donald Trump said in a national address on the Iranian attack on U.S. military bases in Iraq on Tuesday. The comments sparked a heated debate. Experts say the United States is now the world's largest oil producer, achieving "oil independence.” But some U. S. media say U. S. refineries are still using oil from the Middle East.
Last June, the United States surpassed Saudi Arabia as the world's largest exporter of crude oil, according to a report released by the International Energy Agency. According to the U.S. Energy Information Administration, U.S. exports of crude oil and petroleum products exceeded imports in September last year. This is the first time the United States has become a net exporter of oil since it began compiling oil import and export figures in 1949.
The massive development of shale oil since 2015 has reversed America's dependence on foreign oil, according to CNN. The country's oil production has doubled since 2011 to 13 million barrels per day and exports to 3 million barrels per day.
But bloomberg reports that the united states still relies on oil from the middle east, especially saudi arabia. U.S. products have changed the rules of the game, says Herima Croft, head of global strategy for capital market commodities at Royal Bank of Canada.\" But if we believe that a massive, prolonged oil outage in the Middle East has no impact, it is inaccurate, because shale oil is not superhuman, it cannot cope with the oil shortage crisis, only Saudis have the power to solve the problem.
Chen Weidong, former chief energy researcher at the CNOOC Energy Economics Research Institute and chairman of Dongfanshi Energy Consulting Co., said Trump's claim was in line with the actual situation. The \"unconventional oil and gas revolution\" in the United States has greatly increased oil production in the United States and basically achieved \"energy independence \". America's import of oil from the Middle East, mainly from Saudi Arabia, is no longer a purely oil-demand issue. Saudi Arabia is a staunch ally of the United States in the Middle East and at the heart of OPEC, and the United States needs not only Saudi Arabia to balance the complex geopolitical landscape in the Middle East, but also Saudi Arabia to balance oil supply and demand. America's import of oil from the Middle East has shifted gradually from a predominantly oil-supply guarantee to a geopolitical balance.
Since Nixon, all successive US presidents have made the pursuit of energy independence the most important goal of their energy policies. On his second day in office, Mr. Trump released the \"U.S. First Energy Plan,\" at the heart of which will include further liberalization of energy regulations, aggressive development of shale oil and gas in the U.S., and a rebirth of the U.S. coal industry.
According to Forbes News, the government's relaxation of oil and gas regulation has promoted the construction of domestic oil and gas networks in the United States. More importantly, the \"unconventional oil and gas revolution \"has dramatically reduced costs and expanded production, giving the US a growing voice in the oil market.
Chen Weidong pointed out that the United States has achieved \"energy independence \", that is, political and diplomatic decisions are not affected by the supply of oil. On the surface, the \"unconventional oil and gas revolution \"pushed the United States to become the first country to produce and consume natural gas, and oil production is also growing substantially. There are two main internal factors driving the \"unconventional oil and gas revolution \", one is technological progress, the other is that the growth of China's oil demand has pushed up prices. Technological innovation and the rapid growth of oil prices have jointly promoted the realization of the \"unconventional oil and gas revolution\" in the United States. In other words, it is the american and chinese factors that have combined to fuel america's \"unconventional oil and gas revolution \".
“The United States is the largest oil consumer, and U.S. voters don't like a government that can't control the rapid growth of oil prices, and Trump knows that. Mr. Chen said the 1973 oil embargo on the Middle East made America miserable, so Mr. Nixon's policy of "energy independence" reversed the country's dependence on energy for nearly 50 years. The service sector is now the biggest contributor to US GDP, and the fastest-growing is "smart capital "companies, with the oil sector no longer the backbone of the US economy.
Iran has the world's fourth-largest reserve of crude oil, and its economic growth and government revenue are heavily dependent on crude oil sales. Last may, the u.s. announced a suspension of sanctions exemptions for any country or region that imported iran's oil, intensifying pressure on iran's limits. In his speech on January 8, Trump again proposed new economic sanctions against Iran.
Iran's oil and gas sector has been severely tested by U.S. sanctions. Oil exports fell and Iran's trade with other countries and regions shrank as other industries, such as banks and mining, were sanctioned, CNBC reported. The IMF expects Iran to export less than it imports in 2020.
Iranian oil exports fell to about 400,000 barrels a day in May, according to Reuters, and Iranian oil minister David Zangane said the figures were \"pure lies\" and declined to say how much Iranian crude oil was exported. A source at Iran's oil ministry said the country's oil exports would not be zero, and the country had changed its export strategy and direction and mobilized all its resources to sell oil in the grey market.
In addition to serving as a means of exerting economic pressure on Iran, U.S. sanctions against Iran's oil industry have a purpose - opening U.S. shale oil to world oil markets, he said on Jan.
Iran's Islamic Revolutionary Guard Corps fired dozens of missiles at a U.S. military base in Iraq in the early hours of the morning of 8. The news came as international oil prices surged and Brent crude futures climbed more than 5 per cent to the dollar per barrel. Trump then addressed the White House to change angry rhetoric about Iran's recent past, saying the United States would not use its military and \"be ready to embrace peace.\"
Trump's latest statement tempered investors'concerns that the U.S.-Iranian military conflict continued to escalate, with international oil prices plunging on Aug. U.S. crude stocks rose unexpectedly last week, the U.S. Energy Information Administration said on Sunday, with gasoline stocks posting their biggest weekly increase in four years. UAE Energy Minister Mazloui said 8, despite the tightening situation in the Gulf, but the current supply of crude oil remains normal. If the U.S.-Iranian conflict intensifies and oil supplies in the region are affected, OPEC will be able to fill the supply gap.
The 《 Financial Times analyses that the crisis in the Middle East will change the world landscape and drag down a world economy that is under-powered. To stimulate the economy, the central bank is likely to cut interest rates further. Geopolitical influence international financial market shock.