Why the oil industry wants the U.S. to export crude

This article is a comprehensive overview of the supply and production of oil in the United States.

For 40 years, U.S. leaders have fretted about the country’s dependence on oil imports and vowed to pursue energy independence. Now, even as the U.S. is still importing seven million barrels per day of crude, there is a growing clamour to end a ban on crude exports that has been in effect since the Arab oil embargo of 1973 shocked Americans out of their sense of energy security.

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On Sept 19, 2023 ahead of the Climate Ambition Summit in New York City, climate activists gathered for a rally and civil disobedience outside Bank of America Tower in Midtown Manhattan as part of the March to End Fossil Fuels wave of actions resulting in multiple arrests. Activists demand Bank of America to “Defund Climate Chaos and Defend Human Rights” Photo: Erik McGregor (CC BY-NC 2.0 Deed)

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Let’s Save Each Other

Illustration by Stephanie McMillan. Used with permission