U.S. Energy Independence and Its Resilience

The United States has significantly transformed its position in the global energy market, moving from a heavy dependency on oil imports to becoming one of the lowest-cost producers. With production exceeding 20 million barrels a day, the U.S. has also diversified its energy portfolio, leading to reduced consumption levels and a surplus in production. By the end of the current year, the U.S. is expected to export 5 million barrels a day of refined products, demonstrating its robust status in energy exports. Additionally, if faced with an oil shock, the U.S. president holds the authority to suspend crude oil exports, potentially creating a scenario where domestic energy prices remain stable compared to surging global prices.