---
title: U.S. Briefly Becomes a Net Crude Oil Exporter
description: For the first time in over 70 years, the United States exported more crude oil and petroleum than it imported.
---

[Oil & Gas | National Investor Network ](https://www.nationalinvestornetwork.com/oil-gas)

# [U.S. Briefly Becomes a Net Crude Oil Exporter](https://www.nationalinvestornetwork.com/oil-gas/u.s.-briefly-becomes-a-net-crude-oil-exporter)

 Written by [Samantha Joule Fow](https://www.nationalinvestornetwork.com/oil-gas/author/samantha-joule-fow) | Dec 9, 2019 9:11:17 PM

For the first time in over 70 years, the United States [exported more crude oil and petroleum than it imported](https://www.washingtonpost.com/news/powerpost/paloma/the-energy-202/2019/12/03/the-energy-202-the-u-s-just-hit-a-major-milestone-as-a-petroleum-exporter/5de550eb88e0fa652bbbdb19/).

**T**he U.S. Energy Information Administration released official data over Thanksgiving weekend reflecting a net surplus export of 89,0000 barrels of crude per day during the month of September. The U.S has been a net energy importer since recordkeeping on the matter began in 1949.

“This is a very big deal, not just rich in symbolism but marking a major and tangible benefit to the U.S. economy,” said Daniel Yergin, vice chairman of IHS Markit and author of “The Prize,” a Pulitzer Prize-winning history of the oil industry. “It’s the end of an era that began with the oil crises of the 1970s.”

[View full post](https://www.nationalinvestornetwork.com/oil-gas/u.s.-briefly-becomes-a-net-crude-oil-exporter)

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