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Oil and More Oil

Moody's Talks - Inside Economics

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Oil Is Important, but It's Not Just Oil.

Even if we lose a million barrels per day from russia, that doesn't necessarily mean that we have a short fall in supply that we can't meet demand. It'll just be much more evenly matched between supply and demand this year. As important as oil is, it's not just oil. But gas is very important. In december, the us became the number one exporter of liquefied natural gas. Two thirds of those cargoes go to europe. And you know what it was last year? Forty 16. Oh, my goodness. O so and also, t you know,  the us. Has actually stepped up to the plate.

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