Lydia Gilbertson | Shale Plays Media Google+
It’s clear why the United States’ crude oil imports are declining. The United States is producing more oil than ever thanks to the implementation of horizontal drilling. Today, the EIA released a graph that shows the rapid increase of crude oil exports from the U.S. that began in April. The U.S. Census Bureau stated that there were 268,000 barrels per day (bpd) of exported crude oil during the month of April.
The majority of exported oil was sent to Canada, and most exported oil came from the Gulf Coast.
Licenses for oil exportation are approved on a case by case basis.
Check out all of the statistics at the EIA website: Today in Energy