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POLITICS U.s. Ran Its First Petroleum Surplus In At Least 40

Discussion in 'Washington D.C.' started by Toby, Nov 5, 2019.

  1. Toby

    Toby Well-Known Member

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    JOHN CARNEY5 Nov 2019
    The United States exported more petroleum than it imported in September, running a petroleum trade surplus for the first time in records that go back to 1978.

    The U.S. exported $15 billion of petroleum products in September and imported $14.7 billion. The result was a surplus of $252 million, according to Commerce Department data released Tuesday.

    U.S. production of petroleum has skyrocketed in recent years thanks fracking and related new extraction methods. The U.S. has become an energy super-power, accounting for 18 percent of the world’s oil production.

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  2. Rastus

    Rastus ..MAGA.. AD-FREE USER

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    How many years have we heard America needs to break its dependence on foreign oil 40+. Now we’ve finally done it and it’s just another nothing to see here.
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