America Has 65 Billion Barrels, So Why Is Gas So Expensive?

Patrick Bet-David and the panel break down America’s massive oil production and ask a simple question: if the U.S. produces so much crude, why does it still import oil? They discuss the gap between domestic petroleum consumption and crude production, as well as the reality that different grades of crude and refinery configurations mean some U.S. oil is exported while other types are imported. The broader point is that “energy independence” is far more complicated than simply comparing how many barrels America produces versus how many it uses.