US OIL TRANSFORMATION: FROM IMPORTER TO NET EXPORTER
Since 2020, the US has been a net exporter of oil every quarter — the first time in decades.
Exports surged to ~360M barrels/quarter (2nd-highest on record)
Imports dropped to ~260M barrels/quarter (near 1990s lows)
Since 2008 (shale boom):
Exports +800%
Imports -38%
From net importing ~400M barrels/quarter in 2006 → net exporting ~100M barrels/quarter in 2025.
This is one of the largest energy shifts by a major economy in modern history, reshaping global oil dynamics and US energy dominance.
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