FOTW #1022, March 26, 2018: U.S. Crude Oil Exports Skyrocketed in 2016 and 2017

March 26, 2018

You are here

SUBSCRIBE to Fact of the Week

In 2002, the United States exported only 3.3 million barrels of crude oil; by 2017, exports were 408 million barrels. In December 1975 the Energy Policy and Conservation Act banned most U.S. crude oil exports in an effort to gain some control over supply as a reaction to spiking oil prices. Some exports continued after that date because the U.S. Commerce Department could grant exceptions for some types of oil. In December 2015, Congress lifted the ban on crude oil exports resulting in the rapid rise thereafter.

graphic showing U.S. crude oil exports from 1870 to 2017

Sources: U.S. Energy Information Administration, "Petroleum and Other Liquids, Exports" website. Accessed February 22, 2018. 2017 data from the Petroleum Supply Monthly, February 2018, Table 50.

Fact #1022 Dataset

Return to 2018 Facts of the Week