America became a great oil power

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Photo: Lucy Nicholson / Reuters

USA for the first time in almost 75 years exported more oil than imported. It happened in the week from 26 November to 2 December, writes Bloomberg with reference to data Management of information in the field of energy (EIA).

Daily the difference between exports and fuel imports last week totaled 211 thousand barrels. This situation is observed for the first time since 1949, when the President was Harry Truman.

Then the US to freely export oil, as it is now. In 1972 a ban was imposed on the export of hydrocarbons abroad due to the present energy crisis: OPEC (Organization of countries-exporters of oil) refused to sell fuel to the U.S. that supported Israel in the Yom Kippur war with Egypt. The exception in terms of export was made only for Canada and Mexico. At the end of 2015, the ban was lifted.

According to the newspaper, the peak in net oil imports peaked in 2005, when it amounted to 12.5 million barrels a day.

“We become the dominant power in the world”, — said the Agency analyst Michael Lynch. According to him, the changes are not yet sufficient to cause “huge revolution”, but they are enough to force OPEC to think about during the negotiations on cutting production.

Data on the statistics came against the background of the meeting in Vienna, where the countries-participants of the OPEC agreement+ (all members of OPEC, and 11 more States, including Russia) are trying to agree on the extension of the deal. By its terms, the total volumes of oil must be reduced to maintain world prices at a higher level. Talks on 6 December, ended without reaching any agreements.

Video, photo All from Russia.

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