ENERGY EXPORTS

In 1991, US net imports of crude oil and refined petroleum products averaged six million bbl/day. In 2000, net imports were 10 million bbl/day, and they peaked in 2006 at 12.5 million bbl/day. Then everything reversed. In 2010, imports declined to 10 million bbl/day, by 2015, five million bbl/day, and in 2019 they hit zero. Currently, net exports are 4.5 million bbl/day, an amazing combination of improved efficiency and fracking.