The United States became a net oil exporter last week for the first time in almost 75 years, a significant step toward achieving “energy independence and dominance,” as promoted by President Donald Trump.
The United States had been a net oil importer since 1949. In the last week of November, however, weekly U.S. net imports of crude oil and petroleum products fell to minus 211,000 barrels per day (bpd), meaning the country became a net exporter of that amount, according to data from U.S. Energy Information and Administration.
