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Monday, Jul 6, 2026

Is the United States Energy Independent because it is a net exporter of energy?

Jennifer Ecklund , Econofact
no

The  U.S. has been a net energy exporter since 2019 but this does not make it fully independent of foreign energy supplies or global energy markets.

 

According to the IEA, in 2024 the U.S. exported the equivalent of 30,086,759 terajoules of energy and imported 21,234,497 terajoules. The commodities that represent these exports and imports are not perfect substitutes for each other.

For example, the U.S. imports substantial quantities of heavier grade crude oil because its refineries are designed to process this rather than the lighter crude which is exported because U.S. refineries cannot process this as efficiently.

 

Furthermore, the price of oil is determined in a global market, not within the United States itself.

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