Imports remain around 7 million barrels of oil per day, down from a high of 9. What's shot up is exports. Oil imports into the US haven't changed much.
The US continues to "need" to import just as much oil as they always have from the KSA. [2] Even Canada imports from the KSA, for a lot of reasons [3].
Keep in mind, too, the largest supply of oil in the world is under Venezuela, with 18% of the global supply.
[1] https://en.wikipedia.org/wiki/Petroleum_in_the_United_States
[2] https://en.wikipedia.org/wiki/Petroleum_in_the_United_States...
[3] https://nationalpost.com/news/canada/why-has-canada-spent-bi...
America continues to import KSA oil mostly because California won’t frack, which could be changed if necessary.
As far as continuing to import, I believe that’s a factor of oil and refinery quality. America has some amazing refineries capable of eating garbage quality oil, including diluted tar. Since fracking produces high quality oil, my suspicion is that it’s cheaper to export that to older refineries, and import lower quality crude to refine domestically. But I’m no expert here.
Also, good quality oil can be used to dilute thicker oils to the point where refineries can process them. It’s my understanding that this is how you process Venezuelan oil for example. It wouldn’t surprise me to find out that American oil is being exported to blend other stuff before refining.
It's about controlling the access to oil of friends and foes. Can't be the global hegemon without controlling that access.
And it's also about keeping oil being billed in US dollars. That's why the US can print as much money as they want (well, almost).
With an ever increasing population and shrinking pot of gold, I’m thinking Syria Part II once the current regime in Washington DC is removed.
For neoliberals, like neocons, Terrorism is a feature - not a problem. Neither have had a seat at the table for the last 4 years, but they’re not going to let this opportunity go to waste.
And we’re going to pay for it.
We may go back to importing one the short term, but losing access to Saudi crude is now a 100% solvable problem, because all we need to do is ramp up fracking again.
Maybe Congress needs to bail out oil producers during a glut, but that’s a lot cheaper than Saudi having to run most of their economy on credit.
After prices rise the oil will still be there.
US foreign policy is shaped around making sure the whole region remains in conflict. That allows for more weapons sales, cheaper oil due to infighting, and excuses to intervene and have the military there.
I don't think that everyone has fully grasped how America being energy independent changes the game.