The US is not a net exporter of oil.
And current projections by the oil industry is that this oil boom will last about 10 years. And then begin a dramatic drop.
This surge is only possible if oil remains in the $75-$100 range. If it drops much below that they are not profitable and wells are capped.
The US is a net exporter of fossil fuel.
That includes natural gas, of which we are about to become the world’s largest source.
You are in the dark.
I could be mistaken, but oil shale production has clearly made US an exporter of energy. Lots of natural gas.
I do believe the oil exports also exceed imports. The Saudi's know it, and don't like it.
“If it drops much below that they are not profitable and wells are capped.”
Are you now going to tell us about “capping “ oil wells? What exactly is that and how is it done?