US competing with OPEC on exports?

U.S. May Export More Oil in 2017 Than Four OPEC Nations Produce

The world’s largest oil-consuming country could sell as much as 800,000 barrels a day of crude overseas this year, according to four analysts surveyed by Bloomberg. That’s more than OPEC producers Libya, Qatar, Ecuador and Gabon each pumped in December. The U.S. exported 527,000 barrels a day in the first 11 months of 2016, Energy Information Administration data show.
Much of the US refining capacity is for heavy crude and not the light crude produced by fracking wells.  If the US is to become completely energy independent, it is going to need to change its refining makeup.


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