U.S. Becomes Net Oil Exporter for First Time Since Truman Presidency

After three-quarters of a century relying more heavily on foreign oil, the United States became a net oil exporter in 2018, a step toward what President Donald Trump calls “energy independence.” 

During his campaign, Trump told voters that “Under my presidency, we will accomplish a complete American energy independence. Complete. Complete.” 

The shift toward exporting more U.S.-refined oil than the country imports reflects increased oil production in areas such as Texas, New Mexico, North Dakota, and Pennsylvania. Michael Lynch, the president of Strategic Energy and Economic Research, said the United States is becoming dominant in the world of energy.

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