[dogma1138]

The US is a net exporter of Oil, but like with many other products it imports as almost much as it exports.

Just be aware that the US imports 40% of it's Oil from Canada if it stops doing so it will have a major impact on Canada's economy which is a thing no one wants especially considering the current issues with the Canadian economy. However it if wanted too it could stop importing oil all together today since it has more than enough local production, it would however increase the cost of gas and other petroproducts in the US since the US often imports considerably cheaper oil from OPEC and Canada while exporting fairly expensive US crude.

[to3m]

The EIA weekly status report has domestic production at 8.7mbpd, imports at 7.4mbpd and exports at 0.5mbpd, which doesn't really count as a net exporter (or I don't think so at any rate).

There are more exports of finished products than there are imports, but that's not really the same thing... refinery capacity is much more a function of money than oil production.

(as an additional point: 40% of the total US oil consumption is a lot more oil than Canada produces each day! - I expect 40% of the total imports are from Canada.)