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In major shift, U.S. now exports more oil than it ships in

by_david_gaffen
In major shift, U.S. now exports more oil than it ships in

When adding in all imports and exports of crude and refined products, the U.S. exported a net 211,000 barrels per day for the week through Nov. 30 – the first time that has happened, according to U.S. Energy Department figures dating to 1973. "So when does the U.S. send a delegate to OPEC meetings?" said Kyle Cooper, consultant at ION Energy in Houston. The United States historically has been a heavy importer of crude oil in part due to a four-decade ban on crude exports that was lifted in late 2015 by then-President Barack Obama.