It’s not a victory if we’re still exporting record amounts of it, is it...
3.8 million b/d
According to the U.S. Energy Information Administration, petroleum product net exports are expected to reach new highs of 3.6 million b/d in 2022 and 3.8 million b/d in 20231. In the first half of 2023, U.S. crude oil exports averaged 3.99 million barrels per day, which is a record high for the first half of a year since 20152. This is an increase of 650,000 b/d (19%) compared with the first half of 20222.
Helps the US balance of trade (net-net).
Helps oil industry earnings, which help your IRA/401K