“The U.S. produces more oil than we can consume and we are a net oil exporter.”

The accuracy of this claim depends on the definition of 'oil.' According to the U.S. Energy Information Administration (EIA), the United States is a net exporter of 'total petroleum,' a category that combines crude oil with refined petroleum products like gasoline, diesel, and jet fuel. Because the U.S. has a highly developed refining sector, it imports significant amounts of crude oil to process and then exports a larger volume of finished petroleum products. When looking strictly at crude oil, the United States remains a net importer. The claim that the U.S. produces more oil than it can consume is also nuanced; while the U.S. is the world's largest producer of crude oil, it continues to import crude oil to meet the specific needs of its refineries, which are often configured to process specific grades of oil that may not be produced in sufficient quantities domestically.