President Trump's 'national energy emergency' declaration aimed to bolster U.S. energy security amid rising domestic production. However, the U.S. is still a net importer of crude oil, reliant on imports to meet refinery demands. The shift to light crude from domestic hydraulic fracturing contrasts with refineries built for heavier crude, necessitating significant upgrades. As the U.S. has become a global energy superpower in recent years, concerns remain about over-dependence on imported oil and the ability to achieve full energy independence without substantial investment in infrastructure.
President Trump's declaration of a national energy emergency aims to enhance U.S. energy security, but U.S. remains a net oil importer despite increased domestic production.
The U.S. has become a global energy superpower, yet still imports nearly twice as much crude oil as it exports, raising concerns about true energy independence.
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