By Jo Nova
Trump said he wanted Energy Dominance. And now the oil tankers are heading to fill up at the USA.
Compare the US to Australia. Downunder there is chaos due to fuel shortages, one in four international flights have been cancelled, and inflation figures have leapt, which may lead to higher interest rates. That in turn will likely force some families to sell their homes, and others to go out of business. These are the costs of bad energy planning. Plus, we’re going cap-in-hand to China to beg for fuel. Other Australians are holding off booking holidays in July, for fear that they won’t be able to pay for the petrol to get there, or the regional pump might run dry, which is also hurting the tourism industry. The chaos, it flows.
In response the the crisis, our government has just arranged for an extra 150 million liters of fuel to arrive which should keep us going for … almost another 24 hours.
If only we had explored for oil and kept a few refineries open?
Meanwhile, the USA, run by Orange-man-bad is setting records for the export of crude oil, diesel and gasoline.
The Energy Report: US Shatters Crude, Diesel, Gasoline Export Records
By Phil Flynn
In a striking display of America’s energy dominance, the United States has shattered export records for crude oil, diesel, and gasoline—delivering a powerful message on Persian Gulf Day as military options against Iran remain firmly on the table. This landmark achievement underscores the remarkable strength of U.S. production and refining capacity, even amid global tensions. It comes as Iran says we can expect a message from Supreme Leader Mojtaba Khamenei on national Persian Gulf Day.
The US exported jaw-dropping 14,179 barrels a day of all petroleum products. That blew always last week’s record of 12,881 million barrels a day and was above the 10,645 [thousand] million barrels a day we exported a year ago to give perspective. What this means is that US is in a league of its own right now for total energy product exports. No one else is exporting anywhere near 14 mbpd.
This is why Trump can afford to keep Iran waiting — he has options which Europe and Australia don’t. And this works in his negotiations. The more desperate we are for fuel, the more options Trump has.
Most of the shouty commentariat judging the war don’t seem to realize that the oil production tables have turned.
OWID — The most recent figures from 2025 for the US are roughly 12,500TWh- 13,000TWh
REFERENCE
EIA Short-Term Energy Outlook (STEO)
Australia consumes about 1.15 million barrels per day of oil products or about 160 million litres.