America first. Not Saudi Arabia…not Russia…but America.
Only six months into his presidency, Trump gave a speech at the Department of Engergy, where he explained his plan to make The United States energy independent.“Our country is blessed with extraordinary energy abundance” Trump told reporters, while touting his plan for energy independence. Trump expressed his excitement for the new jobs his energy plan would create for American workers, “These energy exports will create countless jobs for our people, and provide true energy security.”
President Trump explained how he would strip the contstraints imposed by the Obama regime on energy development “For the past eight years, the federal government imposed massive job killing barriers to American energy development.Since my very first day in office, I have been moving at record pace to cancel these regulations and to eliminate the barriers to domestic energy production—like never before” Trump said.
Now, only 18 months later, Trump’s promise of energy independence has been fulfilled.
According to the Daily Wire, for the first time in 75 years, the United States exported more oil than it imported, carrying out a pledge from President Trump that America can achieve “energy independence.”
While the U.S. has been a net oil importer since 1949, over the final week of November, U.S. net imports of crude oil and petroleum products fell to minus 211,000 barrels per day (bpd) — which means America exported more than it imported, according to data from U.S. Energy Information and Administration.
Oil production has been booming in the U.S. as the shale revolution swept the nation. America is now the world’s largest producer of petroleum, passing Russia and Saudi Arabia. As the U.S. oil boom spread, the power of OPEC was reduced and gas prices in the U.S. have dropped from the $4+ highs under former president Barack Obama
“U.S. crude exports are poised to rise even further, with new pipelines from the Permian in the works and at least nine terminals planned that will be capable of loading supertankers,” Bloomberg reports. “The only facility currently able to load the largest ships, the Louisiana Offshore Oil Port, is on pace to load more oil in December than it has in any other month.”