US Saudi Crude Oil Imports Hit 32-Year Low For Month Of January -- Have To Go All The Way Back To 1986 -- March 30, 2018

Link here. And the difference between January, 2017, and January, 2018, is not subtle. Ouch.

Meanwhile, US crude oil exports hit an all-time high for the month of January, going back to when records were first kept. Link here.

"Drill, baby, drill." Making American great again.

Spot price of WTI (at Cushing), rounded, link here:

• end of March, 2018: a "solid" $65
• end of March, 2017 (one year ago): a "less than solid" $50; closer to $47 - $49 

That's really quite remarkable. 15/50 = a 30% jump. And many operators have been able to cut costs over the past year. If oil companies were "evaluated" like analysts "evaluate" Tesla, we would all be gazillionaires.