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December 18th, 2018:

U.S. Becomes Net Exporter of Oil, Fuels for First Time in Decades

American Energy Coalition - December 18th, 2018

"The U.S. became a net exporter of oil and refined fuels last week for the first time in decades, a symbolic milestone that would have seemed unthinkable just 10 years ago", according to a story that appeared in the Wall Street Journal.

"The shift to net exporter from importer, detailed in weekly data from the U.S. Energy Information Administration, may be short lived. Still, it demonstrates that America is moving closer to achieving “energy independence” as the shale revolution makes the country one of the world’s top oil producers and reshapes global markets."

"Reducing American dependency on oil imports has been an intense focus of executives and presidents from Jimmy Carter to George W. Bush, none of whom anticipated a renaissance in U.S. drilling" reports the Journal.

"American Oil Milestone", says the WSJ. "The U.S. went from importer to exporter of oil and petroleum products for the first time in decades." To read the original Wall Street Journal Article, go to: https://www.wsj.com/articles/u-s-becomes-net-exporter-of-oil-fuels-for-first-time-in-decades-1544128404

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