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First time in 75 years, US turns net oil exporter

First time in 75 years, US turns net oil exporter
The shift to net exports is the dramatic result of an unprecedented boom in American oil production. While the country has been heading in that direction for years, this week’s shift came as data showed a sharp drop in imports and a jump in exports to a record high. Given the volatility in weekly data, the US will likely remain a small net importer most of the time.


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