- Sat Mar 31, 2018 3:12 pm
#101430
Another promise kept! MAGA
America’s role in the global oil market was flipped on its head in 2017 and 2018. As shale producers cranked out more and more crude, the U.S. relied less and less on some of its traditional sources of oil. U.S. crude imports from OPEC members Venezuela and Saudi Arabia near 30-year lows. At the same time, exports of crude, gasoline and other refined fuels surged higher than ever before.The U.S. bypassed Saudi Arabia late last year and is nipping on the heels of Russia to be the world’s biggest oil producer. November output hit a record of 10.057 million barrels a day after the Energy Information Administration revised its data upward.