The country, and the world, have been losing diesel refining capacity for many years and can’t just ramp up production to fill the shortages.
Articles on US oil industry
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Oil companies are making massive profits and stockpiling cash, and holding off on changing their investment plans.
Cooking gas and diesel fuel are among the oil products whose supply levels have been affected already. Here’s why to expect long-term shortages.
Who gets all that cash, and what do they do with it?
Oil prices affect the US economy differently than in past decades. Nowadays, the US is less reliant on oil imports and uses less oil to produce more economic output.
Industry leaders have objected to reversals of long-standing policies, and market forces are moving against the Trump administration’s hopes.
Alaska produces a lot of crude oil, but many of the state’s utilities, businesses and homes run on natural gas, which is in dwindling supply near population centers.
Donald Trump says he is a big fan of oil and gas. His actions may not be of great interest to the industry. And the results may not be what he says he wants.
The US produces more oil today than any other country, and there is no clear emergency on the scale of the energy crises of the 1970s. But there are some causes for concern.
While he hasn’t released an official plan, Trump’s playbook the last time he was in office and his frequent complaints about clean energy offer clues to what’s ahead.
Methane is a potent greenhouse gas that can leak from oil and gas wells, pipelines and landfills. Satellites can spot the releases fast enough to get them fixed and help protect the climate.
Russia’s 2022 invasion of Ukraine reprised the risks of energy weaponization, but the oil landscape today and energy security itself are changing.
Oil prices are going through what some have termed Black April, but the bigger question is what happens longer term to US oil.
The ‘thin green line’ of resistance against any new infrastructure for shipping oil, gas and coal abroad has won many battles. But it faces a new source of pressure: the Trump administration.
If Iranian crude exports decline further it could make oil and gas prices rise.
Top contributors
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Director, Energy, Climate Justice, and Sustainability Lab, and Research Professor, New York University; Tufts University
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Professor of Economics, Georgia Institute of Technology
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Fellow in Energy and Global Oil, Baker Institute for Public Policy, Rice University
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Postdoctoral Fellow, Center for Presidential History, Southern Methodist University
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Associate Professor of Sociology, School of Public Policy, Oregon State University
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Faculty, Graduate Program on the Environment, Evergreen State College
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Fellow in Energy Studies, Baker Institute for Public Policy; Lecturer, Rice University
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Research Scientist, University of Arizona
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Senior Research Scholar in Financing the Energy Transition, Columbia University
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Professor of Energy and Environmental Economics and International Affairs, Penn State
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Lecturer in International Studies, University of Washington
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Assistant Professor of Applied and Natural Resource Economics, University of Alaska Anchorage
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Associate Professor of Economics, Georgia Institute of Technology
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Fellow, Payne Institute for Public Policy, Colorado School of Mines
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Nonresident Fellow in Energy and Global Oil, Baker Institute for Public Policy, Rice University