So basically back in 2015 Obama and the Democrats wanted money for solar and wind, but Republicans wouldn’t go for that unless we lifted the oil export ban we had in place.
Since then every single additional drop beyond 2015 levels has been exported.
“The statement you’re referring to is a mixture of accurate political history and a statistically simplified (and currently outdated) claim about energy exports.”
I follow the oil prices a little. Brent Crude almost always sells at a higher price than WTI Crude. Right now due to flow restrictions at the Strait of Hormuz, there is an increased demand for oil that can easily be transported in the seas. Below is a brief explanation:
“WTI rarely trades at a premium to Brent. Brent crude reflects seaborne crude and typically leads during global supply shocks, while WTI crude is usually discounted. The current inversion points to a breakdown in normal pricing signals tied to physical flows.
Part of the move is technical: WTI’s front-month contract reflects May delivery, while Brent has already rolled to June, skewing the headline spread. But the deeper driver is extreme prompt pressure—WTI backwardation has surged to record levels—signaling immediate demand for secure, deliverable barrels. With rising uncertainty around global shipping routes, WTI has effectively gained a “security premium,” narrowing and even reversing its usual discount to Brent.”
“Recent data from the U.S. Energy Information Administration (EIA) shows that in 2025, U.S. crude oil production rose by 3% to a record high, but exports actually decreased by 3%. This happened because more domestic oil was diverted to:
U.S. Refineries: Domestic plants processed more American light-sweet crude than in previous years.
The Strategic Petroleum Reserve (SPR): The government has been actively refilling the reserve following the massive drawdowns in 2022.”
According to recent U.S. Energy Information Administration (EIA) data, U.S. crude oil production reached a record 13.6 million barrels per day (b/d) in 2025, a 3% increase (about 350,000 b/d) from 2024.
At the same time, crude oil exports averaged 4.0 million b/d, down 3% from the prior year—the first annual decline since 2021. Exports fell notably to Europe (down ~7%) and the Asia/Oceania region (with sharp drops to places like China and Singapore), even as overall U.S. net crude imports decreased slightly.