Washington, D.C. (December 2, 2019) — This month the Energy Information Administration reported that exports of crude and petroleum products surpassed imports by 89,000 barrels per day in September, making it the first full month of net exports since the government began tracking that data in 1949.
“The news that the U.S. has become a net oil exporter for the first time in 70 years demonstrates what can happen when good government policy allows entrepreneurs to act. Thanks to the Trump administration’s pro-energy stance and the ingenuity of American oil and gas workers, the U.S. is now energy independent — an achievement that would have been a fantasy a mere decade ago. Domestic energy keeps costs low for consumers and small businesses who use energy as an input, making the economy stronger and more efficient. The high energy prices that Democrats want would disproportionately hurt small businesses, which often operate on thin profit margins, and raise costs for everyone. Becoming a net oil exporter is just the latest major national accomplishment achieved under President Trump.”