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Re:China Plans to Ban Exports of Rare Earth Magnet Tech by Retric on Thursday April 06, 2023 @12:18PM (#35470571)
It’s 2.6% not 12%.

https://www.eia.gov/energyexplained/oil-and-petroleum-produc...

“About 9% of U.S. total petroleum imports and 9% of U.S. crude oil imports were from Persian Gulf countries in 2021.” However the US produces 20 Billion barrels of oil vs 8 Billion barrels of imports. So that 9% is really 2.6% of the US’s total oil supply.

Further that 8 Billion barrels of imports almost exactly equals our 8 Billion barrels of exports. There are many reasons to imports and export oil over the course of a year for example seasonal demand varies.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by Retric on Thursday April 06, 2023 @10:40PM (#35477366)
“About 8% of U.S. total petroleum imports and 9% of U.S. crude oil imports were from Persian Gulf countries in 2021.”

Accidentally mangled the quote while cutting and pasting.