Energy Exporter

For the week ending 11/30/18, the US exported 3.2 million barrels/day of crude oil and 5.8 million barrels/day of gasoline, refined products. Those 9 million barrels/day of exports exceeded the 8.8 million barrels/day of imports, making the US a net oil exporter for the first time in decades! US oil imports peaked in 2005 at 13 million barrels/day. The US could become a permanent net exporter of oil by 2020.