Why The U.S. Imports Foreign Oil

The video discusses the role of petroleum in various products, highlighting the US as the largest oil consumer and a leading producer. It covers technological advancements like fracking that boosted domestic production, geopolitical factors affecting oil imports, and challenges in refining infrastructure. The US imports oil due to refinery limitations and economic factors, despite being a top producer.

What technological advancements contributed to the growth of the oil industry after the Great Recession?

Why does the US import heavy oil despite being a top oil producer?