US becomes net oil exporter for first time in decades

Financial Times/Gregory Meyer/12-6-2018

“The US exported more petroleum than it imported for the first time in decades last week, marking an astonishing if momentary reversal from its longtime status as the world’s largest oil importer.”

USAGOLD note:  Whoudathunk? That’s the good news.  The bad news is the U.S. ran its largest trade deficit in a decade despite exporting more oil than it imported.

Chart courtesy of TradingEconomics.com

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